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InPrime Finserv Received NBFC Licence from RBI

Published on April 22, 2023
Current Context: InPrime Finserv is a financial services start-up that aims to serve the emerging “Prime” segment within the informal economy in India.
InPrime Finserv Received NBFC Licence from RBI
  • It was founded in 2021 by Rajat Singh, Manish Kumar Raj and Sneh Thakur.
  • It recently obtained a Certificate of Registration (COR) from the Reserve Bank of India (RBI) to operate as a Non-Banking Financial Company (NBFC).
  • This is a significant milestone for the company as it will enable it to offer more advanced and customized financial products and services to its customers.
  • NBFCs can offer more customized and flexible financial products and services to their customers, especially those who are underserved or unbanked by the formal banking sector.
  • NBFCs have lower operating costs and regulatory requirements than banks, which gives them an edge in terms of efficiency and profitability.

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