The Reserve Bank of India (“RBI“) released the “Draft Enabling Framework for Regulatory Sandbox” on 18th April 2019 (“Draft Framework“). The Regulatory Sandbox (“RS“) pertains to the fintech start-ups in India. The draft was open to comments from stakeholders upto 8th May 2019.
The RBI had set up a working group in 2016 to study the fintech industry in India so as to review and respond to the regulatory framework required for the industrial innovations taking place in the fintech industry.
Draft Framework for the Regulatory Sandbox for Fintech Start Ups in India by Mini Raman http://www.mondaq.com/article.