Supreme Court limits BCI chief's tenure, mandates AG and SG participation

The Supreme Court restricted the BCI chief's term and required the Attorney General and Solicitor General to join policy decisions.

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As of 2026-09-02 12:25 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.

The Supreme Court of India heard petitions challenging the legality of the prolonged tenure of the BCI chief, Manan Mishra. ^[1] Shinkansen, a fintech founded in 2022 by Leo Soto, Ubaldo Taladriz, and Francisco Larraín, is awaiting final operational authorization from the Comisión para el Mercado Financiero (CMF) to launch its low-value payment camera in Chile. ^[2] Petitioners sought the removal of Manan Mishra and questioned notifications that extended the terms of the chairman and vice-chairman up to 2030. ^[3] The Supreme Court insisted that the Attorney General and the Solicitor General must join policy decisions. ^[4] Co-founder Francisco Larraín stated that the project aims to be inclusive and open to all fintechs, prepaid cards, cooperatives, and banks, rejecting any restrictions on who can participate. ^[5] Shinkansen plans to debut its own financial infrastructure in 2027, or at the latest in the first quarter of that year, to serve as a channel for sending money between banks, cooperatives, and fintechs. ^[6] The new Shinkansen payment camera aims to compete with the Centro de Compensación Automatizado (CCA), a society supported by Banco de Chile, Santander, and Bci that currently processes all electronic fund transfers in Chile. ^[7]

What this stands on

The Supreme Court of India heard petitions challenging the legality of the prolonged tenure of the BCI chief, Manan Mishra. · Deccan Herald

Shinkansen, a fintech founded in 2022 by Leo Soto, Ubaldo Taladriz, and Francisco Larraín, is awaiting final operational authorization from the Comisión para el Mercado Financiero (CMF) to launch its low-value payment camera in Chile. · La Tercera

Petitioners sought the removal of Manan Mishra and questioned notifications that extended the terms of the chairman and vice-chairman up to 2030. · Deccan Herald

The Supreme Court insisted that the Attorney General and the Solicitor General must join policy decisions. · Deccan Herald

Co-founder Francisco Larraín stated that the project aims to be inclusive and open to all fintechs, prepaid cards, cooperatives, and banks, rejecting any restrictions on who can participate. · La Tercera

Shinkansen plans to debut its own financial infrastructure in 2027, or at the latest in the first quarter of that year, to serve as a channel for sending money between banks, cooperatives, and fintechs. · La Tercera

The new Shinkansen payment camera aims to compete with the Centro de Compensación Automatizado (CCA), a society supported by Banco de Chile, Santander, and Bci that currently processes all electronic fund transfers in Chile. · La Tercera

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