RBI's New Plan: Licensing for Corporate Business Correspondents

The Reserve Bank of India (RBI) is thinking about giving licenses to corporate business correspondents. This plan is to keep an eye on those fintech companies that have been running wild without any rules. Looks like RBI wants to make sure everyone plays by the book now!

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.

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