 "RBI finalises regulatory sandbox framework for innovation in fintech firms")
The Reserve Bank of India (RBI) on Tuesday released the final ‘enabling framework for regulatory sandbox,’ taking into account inputs received after a consultation process that began in April.
The framework will likely be a positive step for financial technology start-ups and companies looking to innovate in the fast changing and highly regulated sector.
The regulatory sandbox allows live testing of new products or services in a controlled or test regulatory environment.
For this, the regulators may or may not permit certain regulatory relaxations for the limited purpose of testing, the RBI framework says. Essentially, if a fintech company’s business
