FinTech regulation should be more entity-based than activity-based: RBI deputy governor


FinTech regulation should be more entity-based than activity-based: RBI deputy governor

Without naming the Google and Equitas tie up to garner deposits, T Rabi Sankar, RBI deputy governor while speaking at the Global FinTech Fest also said that entities other than banks are not allowed to directly deal in deposits.

The country's largest public sector lender, State Bank of India (SBI) has released the guidelines adopted by the bank with regard to implementation of the Resolution Framework 2.0 for Covid19 related stress on its website.


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