Indian central bank sets up fintech working group
Group will produce report within six months of first meeting
The Reserve Bank of India (RBI) has set up an inter-agency working group on financial technology, or "fintech", it announced on July 14.
The RBI said it had established the group "in view of the growing significance" of fintech innovations and their impact on the banking sector. The move follows the recent establishment of fintech development centres by the central banks of Japan and Singapore.
The working group will produce a report within six months of its first meeting "on the granular
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