RBI in process to regulate Fintech

 Reserve Bank of India, RBI, T Rabi Sankar, fintech regulations, Business news, Indian express, Current Affairs

The Reserve Bank of India (RBI) is working on regulations for financial technology companies (fintechs) and is in consultation with the industry for the same,

“There are no fintech regulations right now.

Sankar added that while various fintechs are focusing on innovation, there is a need for greater emphasis on regulation. That is, there is a need to find a balance between fostering innovation and ensuring adherence to norms. 

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