fintech: Fintech can emerge as substitute for traditional banking, says RBI's CAFRAL
India's fintech sector has the potential to emerge as a substitute for traditional banking in the near future, while there is a need for a "quick and nimble" regulation to ensure growth of digitalisation and financial stability. Reserve Bank Governor Shaktikanta Das on Tuesday released the first flagship publication of the Centre for Advanced Financial Research and Learning (CAFRAL) with the title "India Finance Report 2023" (IFR 2023).
Source: indiatimes.com