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Cohort under Regulatory Sandbox
September 19 , 2021
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- The Reserve Bank of India has announced the theme for the Third Cohort under the Regulatory Sandbox (RS) as ‘MSME Lending’.
- Regulatory Sandbox (RS) refers to live testing of new products or services in a controlled/test regulatory environment for which regulators may (or may not) permit certain regulatory relaxations for the limited purpose of the testing.
- First Cohort - Retail Payments in December 2020.
- Second Cohort - Cross Border Payments in December 2020.
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