Finance
Sock JohnsonRBI Prepares to License Corporate BCs Like a True Champion
Listen up, folks! The RBI is stepping into the ring to throw down a licensing regime for corporate BC channels! They’re ready to bring those unregulated fintechs under their watchful eye and ensure the financial game is played by the rules. It’s time to electrify the arena and make sure everyone’s on the up and up, baby!
few days ago | Ajinkya Kawale
Quick rundown
1.RBI plans to regulate corporate business correspondent channels.
2.Fintech companies may soon fall under RBI's direct oversight.
3.A licensing regime could be introduced for business correspondents.
4.The move aims to regulate currently unregulated fintech operations.
5.RBI's oversight could reshape the fintech landscape in India.
