Search result for 'regulatory sandbox'

TRAI and RBI launch a pilot project to digitize legacy user consent for calls and messages in banks to combat financial fraud and spam.

RBI Deputy Governor Rajeshwar Rao warns of increased default risk due to climate change, highlighting the impact on borrowers and financial institutions. He stresses the need for a balanced...

The Reserve Bank of India (RBI) has permitted the National Payments Corporation of India (NPCI) to increase UPI transaction limits for person-to-merchant (P2M) payments, allowing for higher...

The Reserve Bank of India (RBI) plans to establish a 'on Tap' cohort under its regulatory sandbox initiative to address climate change risks and sustainable finance. Governor Sanjay Malhotra...

RBI Deputy Governor stresses empathy for distressed MSMEs, urging lenders to adopt fair practices and digital solutions to address credit gaps.

India is exploring sandbox sites in Gujarat & Andhra Pradesh for advanced air mobility solutions, including eVTOLs and air taxis, to address urban congestion.

India's civil aviation ministry is exploring a regulatory sandbox for advanced air mobility solutions, including eVTOLs, to address urban congestion and support R&D activities.

Irdai has expanded the scope of its regulatory sandbox framework to encourage innovation in the insurance sector, focusing on efficiency, ease of doing business, and data security.

Financial Services Secretary M Nagaraju encourages fintech companies to deliver innovative solutions while adhering to strict regulatory compliance, highlighting government and RBI initiatives.

Irdai proposes to amend regulatory sandbox norms to adopt a principle-based approach and facilitate innovative ideas in the insurance sector. Public comments are invited on the proposed amendments.

Reserve Bank Deputy Governor calls for empathetic approach towards MSMEs, urging lenders to provide restructuring options and tailored support to aid growth and global competitiveness.

White Matter Advisory acquires 90% stake in fintech startup Fairexpay, expanding its cross-border remittance and fund collection services. The acquisition leverages Fairexpay's advanced technology...

The Reserve Bank of India has chosen 5 entities to test innovative financial products under its regulatory sandbox scheme, including solutions for loan default prediction, digital account opening,...

SBI has sanctioned 20,000 digital loans for small businesses up to Rs 50 lakh since December. The bank is now expanding the loan amount to Rs 5 crore.

The Reserve Bank of India has updated its Regulatory Sandbox framework, extending the testing period to nine months and emphasizing compliance with the Digital Personal Data Protection Act.

India's finance minister calls for regular communication between RBI and startups, fintechs to address concerns. The meeting comes amid regulatory scrutiny of the fintech industry.

GTRI advocates for a regulatory sandbox to address crypto-related issues in India, emphasizing the need for controlled testing and risk management.

Lok Sabha approves Telecom Bill 2023, allowing government to take control of telecom services during emergencies and providing for non-auction spectrum allocation for satellite communication.

The new Telecom Bill is consumer-centric and investor-friendly, bringing clarity on key issues including OTTs, spectrum allocation, and digital innovation.

RBI approves HDFC Bank's 'Offline Retail Payments' product, developed in partnership with Crunchfish AB, for adoption by banks and other financial institutions.