NITI Aayog Releases Discussion Paper on Digital Banks Seeking Comments A Proposal on a Licensing and Regulatory Regime for Digital Banks Mooted Last Date for Sending Comments is 31 December 2021 https://www.taxtmi.com/news?id=24709 The proposal establishes a staged licensing regime for Digital Bank entrants: grant a restricted Digital Business Bank license with limits on scale and services, require participation in a regulatory sandbox for live testing, and permit issuance of a full-stack Digital Business or Digital Universal Bank license contingent on satisfactory performance in prudential, operational and technological risk management. en-us Wed, 24 Nov 2021 18:41:04 +0530 Wed, 24 Nov 2021 18:41:04 +0530 TaxTMI RSS Generator NITI Aayog Releases Discussion Paper on Digital Banks Seeking Comments A Proposal on a Licensing and Regulatory Regime for Digital Banks Mooted Last Date for Sending Comments is 31 December 2021 https://www.taxtmi.com/news?id=24709 The proposal establishes a staged licensing regime for Digital Bank entrants: grant a restricted Digital Business Bank license with limits on scale and services, require participation in a regulatory sandbox for live testing, and permit issuance of a full-stack Digital Business or Digital Universal Bank license contingent on satisfactory performance in prudential, operational and technological risk management. News - Wed, 24 Nov 2021 18:41:04 +0530 https://www.taxtmi.com/news?id=24709