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True Balance India, an instant cash loan financing platform, has reportedly raised $15m in debt funding to support its growth in India.
The Securities and Exchange Board of India (SEBI) has merged its rules for debt securities into a single regulation to ease the regulatory compliance burden on organisations.
The Reserve Bank of India (RBI) has introduced two consultation papers with an aim of liberalising the county’s overseas investment regulatory stance.
Indian international financial services centre Gift City and the India InsurTech Association (IIA) have partnered to strengthen FinTech use in the InsurTech market.
Indian employee benefits platform Onsurity has raised $16m from a Series A funding round led by Quona Capital and Nexus Venture Partners.
India’s Enforcement Directorate has reportedly warned e-commerce giant Flipkart it could be faced with a $1.35bn fine for foreign investment law violations.
India has introduced the e-RUPI, which is a cashless and contactless digital payment system to support the global shift towards digital payments.
French FinTech Fime has revealed it has been empanelled as an official certifier to support the growth of India’s open banking ecosystem.
India-based lending platform Credit Fair has reportedly closed its seed round on $15m.