The Reserve Bank of India (RBI) revealed that five MSME lending products successfully concluded the test phase in the regulatory sandbox cohort, as stated in their release on Friday. The products underwent thorough evaluation based on pre-determined test scenarios and anticipated outcomes. These products belonged to FinAGG Technologies Private Limited, Mynd Solutions Private Limited, Rupifi Technology Solutions Private Limited, Small Industries Development Bank of India, and SysArc Infomatix Private Limited. In addition, the RBI has announced the commencement of the fifth cohort under the regulatory sandbox scheme, which offers a controlled regulatory environment for live testing of new products or services. The scheme provides a secure space for businesses, enabling regulators to consider certain relaxations for the purpose of testing. The central bank specified that innovative products, services with RBI's regulatory domain.