Need similar regulations for banks and fintechs if underlying activity is same: RBI DG - Business News: Latest News & Videos about market and economy | Trendmergers

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Need similar regulations for banks and fintechs if underlying activity is same: RBI DG

If fintechs are allowed to carry out similar services without the tighter regulations governing banks like capital adequacy, know your customer (KYC) requirements, leverage and liquidity norms, there is a risk of creating inefficiencies and risks associated with regulatory arbitrage, Sankar said at an event organised by Business Standard.

from Industry-Economic Times
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