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RBI Mulls Ways To Limit Big Tech Impact On Indian Banking—BQ Exclusive
An internal group at the RBI is deliberating on the best way to curb excessive BigTech involvement in Indian banking
21 Sep 2023, 08:36 AM IST i

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Reserve Bank of India, RBI signage (Source: Vijay Sartape/BQ Prime)
The Reserve Bank of India is currently deliberating on the role of so-called Big Tech firms in India's financial system. An internal group at the central bank is looking at the extent of the involvement of these firms within the domestic payments and banking sectors and is mulling over steps to keep them in check, according to three people aware of the matter.Big Techs are technology giants that offer data-focused services and produc...

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