The Niti Aayog has released its report on digital banks, offering a template and roadmap for licencing and regulatory regimes.
Report titled: A proposal for Digital Banks in India: Licensing and Regulatory Regime
Report recommendations:
- Issuing a restricted digital bank licence.
- Inclusion (of the licensee) in a regulatory sandbox framework enacted by RBI
- Issuance of a “full-scale” digital bank licence
- NITI Aayog Vice Chairperson: Suman Bery;
- CEO: Parameswaran Iyer
