The FinTech Hub
Source: Live Mint One of the notable changes is the relaxation of eligibility criteria, which may seem like a welcome step. However, the new framework imposes burdensome obligations that could hinder RAs’ ability to operate effectively. The minimum qualification requirement for an individual RA or a principal officer of a non-individual RA has been reduced…
Source: Live Mint Over 40% of his annual expenses went into paying the premium for the nine insurance plans, another 40% towards mutual funds, and the remainder for household expenses. Coming from a traditional Lucknow-based business family, the major focus for Kesarwani, 39, had always been the core jewellery business. “Once I joined the family…
Source: Live Mint Nitin Sawant, founder of NS Wealth, a Sebi-registered investment advisory firm, secured final approval from the Reserve Bank of India (RBI) on 28 October to launch an account aggregator (AA) platform under his new venture, OMS Fintech Account Aggregator. This initiative aims to provide a consumer-focused AA service. Sawant, who began his…
Source: Live Mint Recently, the capital markets regulator, Securities and Exchange Board of India, proposed changes to make it easier for individuals to become registered investment advisors (RIA) for individuals looking to get advice on their personal finances. SEBI has done this, presumably, with the objective of encouraging more professionals to seek out the RIA…
