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Digital Banking Units
April 26 , 2022
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- The Reserve Bank of India (RBI) released the guidelines on the “Establishment of Digital Banking Units (DBUs)".
- This is to commemorate the 75 years of independence of our country (Azadi ka Amrit Mahotsav).
- These guidelines apply to all domestic scheduled commercial Banks (excluding Regional Rural Banks, Payments Banks, and Local Area Banks).
- DBUs are specialized fixed point business unit/hub housing certain minimum digital infrastructure for delivering digital banking products & services.
- It will also extend its service to existing financial products & services digitally.
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