RBI may introduce policy framework for BigTech in FY23
- In a speech in September last year, deputy governor T Rabi Sankar had said systemic risks, operational risks, and risks affecting competition are of prime importance when dealing with large financial market infrastructure entities or bigtech
The Reserve Bank of India (RBI) is concerned about the systemic risks emanating from the involvement of large technology companies in the financial sector, and is therefore exploring the possibility of introducing a policy framework this fiscal for digital banking, fintechs, and such BigTechs.
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