Story of RBI:
RBI: โLetโs call all the big players, discuss how we can pick up user adoptionโ
*It actually happens*
RBI: โtime to ban their licenseโ
The RBI released a framework for self-regulatory organizations (SROs) in the fintech sector to balance innovation with regulatory compliance.
Key points:
โขSROs must represent the fintech sector, including RBI-regulated entities, facilitating self-g
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RBI projects India's real GDP growth at 7.2% for FY25.
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RBI governor Sanjay Malhotra cuts repo rate by 25 bps!