Rashmi
Quick Summary
In a significant move to enhance India's financial ecosystem, the Reserve Bank of India (RBI) has introduced six key regulatory proposals aimed at improving risk management, customer experience, and digital innovation across banks and fintech companies. These announcements were made by RBI Governor
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FAQ :
The main goal is to enhance India's financial ecosystem by improving risk management, customer experience, and digital innovation across banks and fintech companies.
The RBI proposes a market-driven framework for securitising stressed assets to diversify resolution mechanisms and offer financial institutions a flexible exit route.
The co-lending framework is being expanded to include all regulated entities and loan categories, not just banks and NBFCs for priority sector lending.
The National Payments Corporation of India (NPCI) will be given authority to revise UPI transaction limits based on evolving use cases, while banks can set internal limits within NPCI-approved thresholds.
The Regulatory Sandbox program will adopt an 'on tap' and 'theme neutral' approach, allowing eligible fintechs to apply and test innovations anytime.
The RBI will publish draft guidelines for public consultation, allowing stakeholders to provide feedback before the final rules are implemented.
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