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RBI fines Asset Care & Reconstruction Enterprise ₹27.3 lakh for income recognition lapses
Reserve Bank of India — Press ReleasesLO·IN·1 day ago
The Reserve Bank of India has recognized the Unified Fintech Forum (UFF) as a Self-Regulatory Organisation in the FinTech Sector, following FACE's recognition in 2024. This formalizes industry self-governance under RBI's framework, potentially shaping regulatory expectations for fintechs. The move signals continued regulatory engagement with the sector, though its market impact is limited.