Sets out how fintech start-ups and established providers can test innovations under Bank supervision: registration criteria (cl. 3.1), assessment of an application and feedback within 30 working days (cl. 7.3), and a test period capped at six months (cl. 10.3). The cover is dated November 2025.
The Reserve Bank of India imposed a monetary penalty of ₹3.10 lakh on Ola Financial Services Private Limited for non-compliance with KYC directions under the Payment and Settlement Systems Act, 2007. Following a…
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