FinTech regulation should be more entity-based than activity-based: RBI deputy governor

Without naming the Google and Equitas tie up to garner deposits, T Rabi Sankar, RBI deputy governor while speaking at the Global FinTech Fest also said that entities other than banks are not allowed to directly deal in deposits.

from Banking/Finance-Industry-Economic Times https://ift.tt/3zZ7OqZ