Ikigai LawIkigai LawIkigai LawIkigai Law
  • About Us
    • About
    • Our Team
    • FinTales
    • Tech Ticker
  • Practice Areas
  • Blog
  • News & Events
    • Ikigai Law in the news
    • Ikigai Law at events
    • Ikigailaw on the social media
  • Careers

Blog

Home Posts tagged "RBI"

Scale based regulation for NBFCs 

By Ikigai Law | Fintech | 0 comment | 13 May, 2022 | 1

This post discusses RBI’s scale based regulatory framework for NBFCs. It explains the reasons behind RBI’s new approach and its impact on the fintech ecosystem. In October 2021, RBI notified scale-based regulations for NBFCs (which will kick-in on 1 October 2022). With these regulations, RBI aims to increase transparency (in NBFC operations) through greater disclosuresRead more

Unpacking RBI Fintech Department’s vision and priorities

By Ikigai Law | Fintech | 0 comment | 13 May, 2022 | 1

This post covers the creation of a new Fintech Department by the RBI. It examines the reasons behind setting up a dedicated department and identifies issues which the Fintech Department is likely to prioritise. In December 2021, PM Modi called for a fintech revolution in India. And just a month later, RBI took a keyRead more

Regulating Big Tech in financial services  in India

By Ikigai Law | Fintech | 0 comment | 13 May, 2022 | 0

This post discusses RBI’s concerns about Big Tech’s presence in financial services and its proposed regulatory approach. “In God we trust. In Big Tech we antitrust?” was one of our favourite stories from last year. It was about Big Tech’s tussle with US and Indian anti-trust laws. And concerns of anti-trust regulators around Big Tech’sRead more

RBI’s increasing penalties on regulated entities

By Ikigai Law | Fintech | 0 comment | 5 May, 2022 | 1

This post analyses the trend of RBI imposing stricter penalties on banks, NBFCs and payment system operators for non-compliance with regulatory requirements. It lists major penalties levied by the RBI in the recent past and examines the impact of these penalties on financial service providers. “RBI is neither a hawk, nor a dove. But isRead more

Offline digital payments: Analysis of RBI’s regulatory framework

By Ikigai Law | Fintech | 0 comment | 5 May, 2022 | 1

This post analyses RBI’s framework for offline digital payments. It also traces the history of offline digital payments in India and highlights their benefits for users. ‘Offline digital payment’ sounds like an oxymoron. But with RBI’s framework for facilitating small value offline digital payments, it may become a mainstream payment option. Offline digital payments can beRead more

Consent Managers in the financial space: Account Aggregators

By Ikigai Law | Fintech | 0 comment | 11 November, 2020 | 5

This blog post examines the evolution of the AA Framework, and its role in the India Stack ecosystem. Our earlier blog was a primer to the NBFC account aggregator framework (“AA Framework”). In this one we take a closer look at the evolution of the AA Framework. And its role in the India Stack ecosystem.Read more

Webinar on ‘Digital payments: Threats and opportunities during the pandemic’

By Ikigai Law | Fintech | 0 comment | 6 August, 2020 | 3

This article summarizes the various issues discussed in our webinar on digital payments during COVID-19 with Mr. Arpit Ratan, Co-founder of Signzy. The webinar is available on YouTube. ———————————————— Introduction: On 01 May 2020, Aparajita Srivastava and Arpit Gupta from Ikigai Law held a webinar on ‘Digital payments: Threats and opportunities during the pandemic’. Mr.Read more

Payments, Payments Everywhere, Not a Dime to Earn: Zero MDR & the Disruption of the Digital Payments Revenue Model in India.

By Ikigai Law | Fintech | 0 comment | 28 May, 2020 | 6

Most digital/IT related services have survived the negative economic impact of the ongoing COVID-19 pandemic. However, with a sharp drop in e-commerce and online travel and event booking transactions, the digital payments industry has been hit hard by the COVID-19 lockdown in the last 2 months. UPI transactions decreased from 1.3 million in December 2019Read more

Examining the recommendations of the Steering committee report on fintech related issues

By Ikigai Law | Fintech | 0 comment | 4 November, 2019 | 7

The Steering Committee on Fintech Related Issues (‘Committee’), set up by the Ministry of Finance, recently issued its report (‘Report’)[1], in which it takes stock of developments in the fintech space, globally and in India. It makes 45 recommendations to enable fintech, particularly in critical sectors of the economy, and to promote ‘ease of doingRead more

Testing The Scales – Legality Of Libra

By Ikigai Law | Blockchain, Fintech | 0 comment | 27 May, 2019 | 7

News has it that Facebook is foraying into online remittances and will introduce a tethered  digital asset named “Libra” to fuel this system. Libra will be linked with the INR (i.e. the Indian National Rupee) and each Libra will always convert to 1 INR. How will this play with the April 2018 RBI circular that imposed a deRead more

12

Tags

#DataProtection #Fintales bitcoin Blockchain Budget Consent Consultation Consultation Paper cryptocurrency data Data Controllers data governance Data localisation Data Protection Data Subjects digital economy Digital India Drones E-Commerce Facebook Fintech Government Government of India healthtech Ikigai Law India Indian government Innovation intermediary liability MeITY Notice Personal Data policy Privacy RBI Recommendation Regulation Srikrishna Committee Stakeholders Startups Surveillance Technology Tech Policy TechTicker TRAI

Connect with Ikigai Law

Copyright 2018 Ikigai Law | All Rights Reserved             

Information

  • Practice Areas
  • Blog
  • Careers
  • Contact Us
  • Privacy Policy

Contact us

Office
T-7/402, Commonwealth Games Village Apartment,
New Delhi, Delhi 110092 India.

Email Address

contact@ikigailaw.com

  • About Us
    • About
    • Our Team
    • FinTales
    • Tech Ticker
  • Practice Areas
  • Blog
  • News & Events
    • Ikigai Law in the news
    • Ikigai Law at events
    • Ikigailaw on the social media
  • Careers
Ikigai Law