RBI's Smooth Move: Licensing for Corporate Business Gs
Yo, listen up! The RBI's thinkin' 'bout droppin' a licensing vibe for them corporate BCs, keepin' tabs on those fintech homies runnin' loose. It's all about bringin' the rules to the game, makin' sure the hustle stays smooth, ya feel me?
Quick rundown
- RBI plans to regulate corporate business correspondent channels.
- Fintech companies may soon fall under RBI's direct oversight.
- A licensing regime could be introduced for business correspondents.
- The move aims to regulate currently unregulated fintech operations.
- RBI's oversight could reshape the fintech landscape in India.
