Hindenburg Research says if Adani Group files a lawsuit, it will demand documents from the company.

 The Reserve Bank of India (RBI) is actively working on developing regulatory frameworks that are more "developmental" for fintech companies, according to RBI Deputy Governor T. Rabi Sankar. 

Speaking at an event in Bengaluru, Sankar highlighted the central bank's focus on monitoring the fintech space to ensure financial stability, mitigate cybersecurity risks, and prevent fraud. He emphasized the importance of close consultation with the fintech industry before implementing any new regulations, although he did not provide a specific timeline for their release.

Sankar also stressed the need for fintech companies engaged in characteristic banking activities such as providing loans or payments to be regulated similarly to traditional banks. He emphasized that governance, compliance, business conduct, and risk-mitigation frameworks are crucial for the long-term sustainability of fintech ventures. Furthermore, he emphasized the importance of responsible and beneficial innovation.

In the past, the RBI has taken measures to address illegal activities and protect customer data in the fintech sector. This includes issuing digital lending guidelines to crack down on fraudulent practices and prohibiting non-bank prepaid instrument issuers from offering credit lines with buy now pay later products.

Overall, the RBI is committed to fostering a supportive environment for fintech companies while ensuring financial stability, cybersecurity, and compliance with regulatory standards. The development of specific regulations tailored to the fintech ecosystem is part of this broader objective.