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Innovation Hub
August 8 , 2020
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- The Reserve Bank of India launched “Innovation Hub” for ideation and incubation of new capabilities that can be leveraged to deepen financial inclusion.
- The hub is being launched to promote the start-ups in the country.
- The hub is to act as a centre to create viable and innovative financial products.
- One such recent initiative is the “Regulatory Sandbox”.
- A Regulatory Sandbox refers to live testing of new products and services in a controlled regulatory environment.
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