RBI selects 5 entities under its regulatory sandbox scheme.

Banking & Finance

The Reserve Bank of India (RBI) has selected five entities for its regulatory sandbox scheme. This initiative allows these organizations to test their innovative financial products and services in a controlled environment under the RBI’s supervision. The selected entities will have the opportunity to evaluate their solutions' viability and compliance with regulatory requirements before a full-scale launch. This move aims to foster innovation in the financial sector while ensuring consumer protection and financial stability. The RBI's regulatory sandbox is a significant step towards modernizing the financial landscape and encouraging technological advancements in banking and finance.


      The sandbox provides a safe environment to test innovative financial solutions before broader market implementation.

      It encourages startups and fintech firms by offering regulatory flexibility and support during the testing phase.

     

 

     


About RBI,

CEO : Shaktikanta Das
Headquarter : Mumbai
          ____________________________