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RBI announces six key measures to strengthen India's banking, fintech, payments ecosystems
Updated On: 09 April, 2025 01:16 PM IST | Mumbai | mid-day online correspondent
The central bank also plans to harmonise the regulations governing non-fund-based credit facilities, such as bank guarantees and letters of credit, across financial institutions
Draft guidelines for the above four proposals are released for public consultation, with final frameworks to be issued following stakeholder feedback. Pic/ PTI
To strengthen India's financial ecosystem, the Governor of the Reserve Bank of India (RBI), Sanjay Malhotra, announced six additional measures focused on banking regulations, fintech and payment systems on Wednesday.
These initiatives were revealed by the RBI governor while announcing the Monetary Policy initiatives.
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