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India could become the fintech hub of the world

The opportunity to list overseas provides a huge opportunity for new-age digital and fintechs

Topics
Fintech sector | Fintech start-ups | Fintech

Probir Roy 

Probir Roy

Two pieces of news did not get the attention which they deserved — the Reserve Bank of India’s (RBI’s) norms for financial market infrastructures (FMIs) and an announcement by the ministry of finance that unlisted Indian companies may be allowed to list overseas.

FMIs, by definition, cover payment systems and services, central securities depositories, settlements, counter-parties and trade repositories. They essentially ensure that the entire macro-financial system functions effectively and efficiently, facilitating the flow of credit and monies to and from consumers, ...

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First Published: Sun, August 02 2020. 20:26 IST
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