India: Startups welcome RBI’s fintech sandbox but wary of some clauses

The Reserve Bank of India (RBI) seal is pictured on a gate outside the RBI headquarters in Mumbai, India, February 2, 2016. REUTERS/Danish Siddiqui/File Photo

Startups have welcomed RBI’s proposal to start the so-called regulatory sandboxes where they can test out new financial products in realtime with limited regulations, but are wary of some of the eligibility criteria.

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