Reserve Bank of India: Riding the Technological Wave

During recent years, global economies have witnessed a surge in technological advancements and development. Governments and central banks in such economies are promoting development of new technologies and financial products by undertaking various measures, such as policy liberalisation, promoting tech start-ups, incentivising technological innovators, starting regulatory sandboxes etc. The Reserve Bank of India (“RBI”) has also been working tirelessly towards development of India financial markets by leveraging innovative technology.