GENERAL11 Sept 2026
Fintech rules must match risks, not make firms resemble banks: RBI's Murmu
RBI Deputy Governor Shirish Chandra Murmu says fintech rules should match the risks involved, instead of making firms look like banks. Speaking at the Global Fintech Festival 2026, he said regulation must address risks properly while letting responsible innovation and experimentation grow. For business owners, that hints at rules focused on real risks, not bank-style control. Nothing changes today, so simply keep watching RBI updates.
Key Statutory Highlights
- RBI Deputy Governor Shirish Chandra Murmu said fintech regulation should address risks appropriately rather than make firms resemble banks.
- He said the rules should still allow responsible innovation and experimentation to scale.
- He made these comments while addressing the Global Fintech Festival 2026 on the theme Trusted Innovation: Shaping the future of Finance.
Actionable Advice for Taxpayers / Founders:Keep track of RBI's fintech announcements and check with your compliance advisor before changing how your business works with fintech partners, since no rule change is confirmed yet.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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