RBI returns NBFC applications of BharatPe, Jupiter, CarDekho: Reports

The Reserve Bank of India has reportedly returned the NBFC applications of fintech startups BharatPe and Jupiter and car sales platform CarDekho as they received investments from funds domiciled in Mauritius. The island nation is in the 'grey list' of Financial Action Task Force (FATF). The RBI reportedly indicated that the applicants have to wait longer for a review.