Central Banking

RBI’s Subbarao discusses regulating banking innovation


The governor of the Reserve Bank of India (RBI), Duvvuri Subbarao, today (August 3) delivered a speech titled Indian Payment and Settlement Systems Responsible Innovation and Regulation. During the address, the governor highlighted the central bank's role in facilitating innovation.

Speaking at a banking technology awards ceremony in Hyderabad, Subbarao said the financial crisis had renewed the debate on financial innovation and regulation. He said there was now "greater sensitivity" to the

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