Objectives and Functions
Objectives
- To foster inclusive financial sector that ensures effective implementation of monetary policy, financial stability and integrity
- To ensure consumer trust and confidence on usage of financial products and services
- To promote financial technologies and innovations that enhance inclusive financial sector
- To enhance financial sector development through deepening of access to credit and expanding range of financial services
Functions
- To perform secretarial services of national financial inclusion initiatives
- To coordinate domestic, regional and international stakeholders on issues related to financial inclusion and deepening
- To operate fintech regulatory sandbox
- To conduct diagnostic research on financial inclusion
- To handle financial consumer complaints and redress
- To perform market conduct supervision
- To implement financial literacy initiatives and programs
- To manage credit guarantee schemes on behalf of the Government