FINTECH NEWSLETTER: RECENT LEGAL DEVELOPMENTS AND MARKET UPDATES IN INDIA

The month of June 2024 saw a flurry of regulatory activity aimed at fostering innovation, while ensuring robust governance and compliance frameworks. The RBI, the IRDAI and the IFSCA, all made a splash with some major developments aimed at reforming, liberalising and regulating the financial services and fintech space. The developments signal a progressive approach towards expanding the scope of fintech operations while maintaining regulatory oversight. In this edition of the Fintech Newsletter, INDUSLAW's Namita Viswanath, Shreya Suri, Sarthak Doshi, Falaq Patel and Gursimar Setia discuss some of the critical developments in the fintech space in June 2024 and shed light on key updates pertaining to various fintech players in India.