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

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.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter