MUMBAI, India, Aug. 14 -- Reserve Bank of India issued the following press release:
In the Fifth Cohort of the Regulatory Sandbox (RS) which was 'Theme Neutral', five entities were shortlisted to commence testing of their products, which was communicated vide Press Release dated July 26, 2024.
2. Products of the entities which completed the 'Test Phase' were evaluated based on mutually agreed test scenarios and expected outcomes. Accordingly, one product outlined below has been found viable within the boundary conditions defined during testing under RS:
Sl. No. Sandbox Entity Description 1 Indian Banks' Digital Infrastructure Company (IBDIC) Private Limited
Partner Financial Institutions - ICICI Bank, HDFC Bank, Yes Bank and Aditya Birl...