The Reserve Bank of India will form a regulatory sandbox for financial technology and set up data science labs to promote innovation in digital lending. It will also conduct open market operations to inject liquidity into the economy. The Insurance Regulatory and Development Authority of India will shift to a risk-based capital regime. The validity of the Aadhaar scheme was upheld by the Supreme Court. An independent payments regulatory board will be set up within the RBI. DBS Bank was named the best bank in the world for 2018 by Global Finance.