RBI vs Government: The battle over India’s digital payments ecosystem explained

28 May 2025, 05:01 PM

A decade-old debate ends with government formalizing oversight of payments through Payments Regulatory Board, redefining roles across RBI, NPCI and fintech.

Arti Singh

It took less than six months for the new RBI governor Sanjay Malhotra, a former Department of Financial Services bureaucrat, to d

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