Zerodha gets Sebi nod to start mutual fund biz

Brokerage firm Zerodha on Wednesday received market regulator, Securities and Exchange Board of India’s in-principle approval to start its mutual fund business. Earlier this month, financial services company Bajaj Finserv…

Big B 1st Indian star to roll out NFT collection

Talent management company Rhiti Sports and decentralised NFT exchange platform GuardianLink.io have jointly launched a first-of-its-kind NFT platform in India – BeyondLife. Actor Amitabh Bachchan will be the first Indian…

Payments Banks May Convert To Small Finance Lenders In Three Years: RBI Working Group

RBI recommends that payments banks looking to convert to small finance banks can apply to do so after three years or operations. “The RBI’s original licensing guidelines had required that payments banks must have a five year background in the payments space to be able to apply for a license. This means that these entities are not new entrants in the payments space and have experience,” said R Gandhi, former RBI deputy governor and adviser to Paytm Payments Bank. “The working group perhaps took note of this fact and allowed.