The Securities and Exchange Board of India will reportedly give non-bank financial companies (NBFCs) two years to adopt and implement changes to accounting standards, the Financial Express reported Wednesday (Sept. 25). The new Indian Accounting Standards (Ind AS) are expected to have a significant impact...
India’s alternative finance community is calling on the Reserve Bank of India (RBI) to relax regulations on the market, particularly as they pertain to lending caps. Reports in Business Standard this week said more than a year after the RBI introduced guidance for peer-to-peer lenders...
In India, Uber drivers are struggling to pay for the fuel they need, as the on-demand service pays its gig workers electronically. It’s led drivers to request for their passengers to pay with cash so drivers can pay for fuel, reports in The Hindu Business...
Venture capital may be drying up for some alternative lenders, but small business lending platform Capital Float is continuing its funding spree with an additional $45 million. The India-based company announced the Series C investment on Monday (Aug. 21) led by Ribbit Capital, based in...
