New Delhi, Aug. 29 -- Banks and financial services firms during a joint meeting with the Department of Financial Services and the IT ministry on Friday sought detailed guidelines from the Reserve Bank of India (RBI) to implement the ban on online money gaming, sources said.
The firms also sought more time to put in place mechanisms to comply with the ban, they said.
The government has banned all forms of online money gaming by bringing in the Promotion and Regulation of Online Gaming Act after repeated complaints of people dying by suicide due to heavy monetary losses.
Sources present in the meeting said the discussion was largely around familiarisation with provisions of the Act and understanding the manner in which banks and financial ...