RBI Releases Updated ‘Enabling Framework for Regulatory Sandbox’
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- By Chetan Kulasri
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- Last Updated on 1 March, 2024
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Press Release No. 2023-2024/1956; Dated: 28.02.2024
RBI has placed on its website an updated ‘Enabling Framework for Regulatory Sandbox’ (RS). The framework has been revised based on the experience gained over the last four and half years in running four cohorts and feedback received from FinTechs, banking partners and other stakeholders. RS usually refers to live testing of new products or services in a controlled/test regulatory environment for which regulators may or may not permit certain regulatory relaxations for the limited purpose of testing.
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