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⍰ ASK What measures are in place to ensure the financial stability of electronic money institutions in India?

The RBI does a few things to make sure EMIs in India are financially stable. They set rules for how EMIs should operate, covering things like having enough money, managing risks, and having cash on hand. This rule are meant to make sure EMIs are financially strong and can meet their financial responsibilities.

The RBI regularly check up on EMI to make sure they are following these rules. These help the central bank find any possible problems early on and fix them.

EMIs also have to regularly share their financial info and performance numbers with the RBI. This helps the central bank keep an eye on how well EMIs are doing financially, see any risks they might face, and take action if needed.
 

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