Regulatory compliance important to stay ahead of fraudsters: DFS Secy

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He was speaking at CII Financial Inclusion and Fintech Summit.

A fine balance is required between fostering innovation and protecting the regulatory system’s integrity, Department of Financial Services (DFS) Secretary M Nagaraju said here on Tuesday.

He highlighted that while bigger banks have benefited from greater digitisation, cooperative banks and regional rural banks (RRBs) may not have reaped the benefits to a similar extent.

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Category: BusinessFinance

Markets: India

Topics: Financial services Fintech Ease of Doing Business

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-26 @ 17:41:12 (12 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 456 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 33 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23894516

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