RBI asks fintech firms, digital payment cos to ensure responsible innovation
RBI Governor Sanjay Malhotra on Thursday asked fintech firms and digital payment companies to ensure responsible innovation and better compliance.
The Reserve Bank of India (RBI) on 21 June removed restrictions on foreign investments in IDFC.
"The foreign shareholding by Foreign Institutional Investors (FIIs), Foreign Portfolios Investors (FPIs) in M/s IDFC Limited have gone below the prescribed FII/FPI investment limit," the RBI said in a notification.
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"Hence, the restrictions placed on the purchase of shares by FII/FPI of the above company, are withdrawn with immediate effect."
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