This might be a problem for fintechs or some entities, but for us as citizens, this would be a bane. Furthermore, regulations are for the greater good, and if you want to build a business, why should you be afraid of regulations?
With this lines, I might come across as too filmy 
Yes. I agree. Customer would be enjoying banking rather than despise it.
Hoping that day would come sooner. 
“An engineer, a trained rock climber, a mountaineer — Pramod Varma wears many hats. The chief architect of Aadhaar and Unified Payment Interface (UPI) eSign, Digital Locker, and Data Empowerment and Protection Architecture (DEPA), Varma is now the CTO of EkStep Foundation, a not for profit in the education sphere that helped build DIKSHA, an online learning platform reaching about 200 million students across schools in India.”
How much work has he done? His name is everywhere. 
“Till the 1950s, the rupee was often used for local transactions in West Asia and South-East Asia. While the path to regaining status may be difficult, it is good that we are thinking about it.”
This might take time & effort. But it would be cool if we pull this off. 
“An SRO is a non-governmental organisation (NGO) that sets monitoring standards for industry players and works as a bridge between the industry and the regulator. For example, MFin is an SRO for the microfinance sector.”
“Industry players said that the regulatory support in the form of guidelines for digital lending, FLDG, etc. shows that RBI is ready to support the growing fintech industry. Further, they said that the SRO, once formed, will lead to more clarity on the business model, security, growth, and overall business for the sector.”
Q3 Fintech Report.pdf (15.8 MB)
RBI directs Bank of Baroda to stop onboarding new customers through BoB World app
Even though I have an existing account with BoB, I could never get myself registered on their app.
I have their credit card app…
I installed it last year. Before that app, I thought BSNL app (My BSNL) was the worst.
I think BOB credit card app releases updates every 6 months only 
But, with every updates I can see them improving
How is their customer care. Do they respond within 2 days?
If you call them for general queries they will tell you please visit the branch we don’t have any information
PSU bank customer service is worst except sbi
Future of FinTech Startups: Emerging Trends and Technologies
https://www.analyticsinsight.net/future-of-fintech-startups-emerging-trends-and-technologies/
I am noticing that many companies are getting debt funding vs investment funding. While on one side I think that the VCs are not confident in investing, on the other side, I am thinking they anyways need to get the money back.
Guess with debt the company is liable to pay but with investments, there is no liability.
So in short Slice rescues North East Small Finance Bank and RBI had to give the NOC as there were no other takers. A happy ending for RBI, NESFB and Slice.
But I wonder what Slice saw in NESFB, that the others didn’t see. 
None the less, hoping the best for Slice and NESFB.
Opportunity for access to low cost funds by collecting deposits and possibility of launching its own credit card product
Well the company was in loss for a long time, so low cost access to fund is not in the foreseeable future, rather they might have to insfuse a lot of money to prevent a bank run. Slice probably did this to avoid the regulatory complications for their products, but RBI said that they have just given a NOC for merger, there is a long way to go for this to be completed. Also RBI has asked Bharatpe to reduce their shareholding in Unity SFB, the future of Neo banks in India is quite uncertain
Distribution, their dream run which was halted by RBI, credit bin, trust of a bank, somewhere I read cost of capital for NBFC’s is north of 14%, and many more.
But still I think this is more of RBI proposing the same to Slice and not vice versa.
Mastercard CFO criticizes India’s UPI for being an “incredibly painful experience” for ecosystem participants.
While fintech firms innovate around UPI, Mastercard and Visa face challenges in India, with the government promoting the homegrown Rupay card network.
UPI accounts for over 56% of cashless payments (by value) in India. 