Report on Currency and Finance (RCF) for the year 2023-24 Reserve Bank of India published the Report on Currency and Finance (RCF) India i...
Report on Currency and Finance (RCF) for the year 2023-24
Reserve Bank of India published the Report on Currency and Finance (RCF)
India is at the forefront of the digital revolution, leveraging on
digital public infrastructure,
a vibrant financial technology (FinTech) ecosystem
a conducive policy environment
Emerge as the fastest-growing digital economy in the world
The positive role played by the regulatory framework has led to consumers’ rising confidence in digital financial products
However, digital technologies also present challenges related to
cybersecurity, data privacy, vendor and third-party risks, customer protection, upskilling and re-skilling of human resources, complex financial products and business models
COMMENTS