DIGITAL BANKS A Proposal for Licensing & Regulatory Regime for India

Summary

India has made significant strides in retail digital payments and financial inclusion, but a substantial credit gap persists for small businesses. This discussion paper proposes a new regulatory framework for full-stack digital banks to address this gap by leveraging technology. The proposal is currently in the planning stage, seeking stakeholder consultations to finalize policy recommendations for licensing and regulating digital banks in India.

Key Facts

Source Document

https://example-government.gov/policy-document-link