Fintech SRO should be development-oriented, independent: RBI draft
“To maintain credibility, the SRO-FT should operate independently, free from the influence of any single member or group of members,” RBI said.
Source: indianexpress.com
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“To maintain credibility, the SRO-FT should operate independently, free from the influence of any single member or group of members,” RBI said.
The main idea behind the guidelines is to empower the fledgling sector to function and innovate responsibly even in the absence of formal regulations.
The main idea behind the guidelines is to empower the fledgling sector to function and innovate responsibly, even in the absence of formal regulations.
The central bank has invited comments or feedback from stakeholders and members of the public on the draft framework by end February 2024.