RBI Maintains SBI, HDFC Bank, and ICICI Bank as D-SIBs
The Reserve Bank of India (RBI) has selected five entities for the test phase of its theme-neutral fifth cohort of the regulatory sandbox, following the receipt of 22 applications. Announced in October of the previous year, this initiative allows firms to test new financial innovations in a controlled environment.
The sandbox involves several stages including preliminary screening, application assessment, test design formulation, and evaluation. It provides a controlled environment for live testing of financial products or services, allowing for regulatory relaxations to facilitate testing. This approach helps regulators, financial service providers, and customers assess the benefits and challenges of new innovations while managing associated risks.
The sandbox targets fintechs, banks, and firms that support or partner with financial services businesses. Each cohort is limited in size and duration, ensuring a focused and manageable testing process.
The National Engineers' Day 2026 will be commemorated throughout India on 15 September, which is…
India has achieved another milestone in its mission to utilize the nuclear fusion energy technology,…
As part of the celebration of Hindi Diwas 2026, the Supreme Court of India introduced…
SEMICON India 2026 is set to gather the global semiconductor ecosystem in New Delhi from…
According to the preliminary estimates released by the Ministry of Commerce and Industry, the inflation…
India's Prime Minister, Narendra Modi congratulated China on becoming the next host of BRICS for…