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Why the RBI has proposed setting-up a Self Regulatory Organisation for fintechs

RBI Governor Das has said that fintechs need to evolve industry best practices, privacy and data protection norms in sync with the laws of the land, set standards to avoid mis-selling, promote ethical business practices and transparency of pricing.
T Rabi Sankar Central Bank Digital Currency Regulatory Organisation Reserve Bank Governort Rabi Sankar Self Regulatory Organisation

RBI to discontinue I-CRR: What does it mean and what would be its impact?

The RBI announced I-CRR as a temporary measure to absorb excess liquidity from the banking system. The level of surplus liquidity in the system surged because of the return of Rs 2,000 banknotes to the banking system, RBI’s surplus transfer to the government, pick up in government spending and capital inflows.
Shaktikanta Das Shaktikanta Dashad Rbi To Discontinue Incremental Cash Reserve Ratio Bi To Discontinuei Crr I Crr Hat Isi Crr

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