RBI Cancels Registration Of Chinese-Owned Lending App Cashbean
The Reserve Bank of India (RBI) on February 24 cancelled the registration of fintech startup, Cashbean for flouting a slew of norms.
Source: inc42.com
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Chinese-owned NBFC's Rs 288 cr funds seized
The Enforcement Directorate (ED) today said a competent authority under the Foreign Exchange Management Act (FEMA) has seized Rs 288 crore funds of a “Chinese-owned” non-banking financial company (NBFC).
Source: tribuneindia.com