CURRENT AFFAIRS : BANKING & FINANCE
InPrime Finserv Officially Recognized as Non-Banking Financial Company from Reserve Bank of India
- InPrime Finserv, a financial services start-up catering to the informal economy, has obtained a Certificate of Registration (COR) from the Reserve Bank of India (RBI) to operate as a Non-Banking Financial Company (NBFC).
- With this license, InPrime joins an exclusive group of startups that have received approval from the RBI to build a lending business.
- The company plans to commence operations in Bangalore in the coming months and gradually expand its presence in Karnataka and Tamil Nadu, playing a significant role in promoting financial inclusion in India.
