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  Business   In Other News  25 Mar 2019  RBI Governor to meet heads of payments banks later this week

RBI Governor to meet heads of payments banks later this week

PTI
Published : Mar 25, 2019, 12:24 pm IST
Updated : Mar 25, 2019, 12:24 pm IST

RBI Governor to meet heads of payments banks later this week

RBI Governor Shaktikanta Das.
 RBI Governor Shaktikanta Das.

New Delhi: RBI Governor Shaktikanta Das on Monday said he will be meeting heads of payments banks later this week to understand their issues and concerns.

As many as seven payments banks have commenced their operations. He also said that guidelines on regulatory sandbox will be issued in the next two months to promote FinTech in the country.

 

A sandbox approach means experimenting and learning before finally adopting a technology or system.

This approach helps in containing the impact of failures. 

Tags: rbi, shaktikanta das, payments banks
Location: India, Delhi, New Delhi