The central bank’s intention of roping in other regulators towards creating a database of fraudulent and bona fide telemarketers is a step in the right direction.
The Reserve Bank of India has joined hands with the Department of Telecommunications and the Telecom Regulatory Authority of India to find a definitive solution to the menace of telemarketing scammers and spammers. I hear (from an industry official in the know) that a committee was formed recently with participation from other financial regulators, such as the Insurance Regulatory and Development Authority of India and the Securities and Exchange Board of India.
There’s more. At a recent meeting with the DoT and TRAI, officials from the central bank proposed the creation of a database that would serve as a “white …
Ashwin writes on fintech and banking at The Morning Context. He joins us from The Economic Times, he worked across the finance, tech and startup verticals, breaking stories related to India’s banking system, startups in the new economy, digital payments, insurance and cryptocurrencies.
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ashwin@mailtmc.com
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