Monday, 25 March 2019

RBI Governor Shaktikanta Das to meet heads of payments banks later this week

New Delhi, Mar 25 RBI Governor Shaktikanta Das Monday said he will meet heads of payments banks later this week to understand their issues and concerns.

Upwards of seven payments banks have commenced their operations.

He also said that guidelines on regulatory sandbox will be issued in the next two months to promote FinTech in the nation.

A sandbox approach means experimenting and learning before finally adopting a technology or system. This methodology helps in containing the impact of failures.

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