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RBI’s 5th Cohort Regulatory Sandbox
August 5 , 2024
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- RBI said five entities were selected for the test phase of the regulatory sandbox’s theme-neutral fifth cohort that it had announced in October last year.
- The banking regulator received 22 applications for this cohort of the regulatory sandbox.
- A regulatory sandbox refers to live testing of new products or services in a controlled regulatory environment for which regulators may or may not permit certain relaxations for the limited purpose of testing.
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