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Reserve Bank Innovation Hub Ropes In Rajesh Bansal As CEO

Hub will play role of a unified centre for technological innovation with a focus on financial inclusion and promoting access to financial markets.

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The Board of Reserve Bank Innovation Hub (RBIH) appointed Rajesh Bansal as the Chief Executive Officer with effect from 17 May 2021.

Rajesh Bansal, a career central banker, was part of the founding team of UIDAI . He has advised several RBI committees in the past and has worked with the Centre in areas of technology, financial inclusion and payment systems. He played a key role in designing India’s Direct Benefits Transfer system and electronic KYC.

RBIH  was set up in August 20 to promote innovation across the financial sector with the help of technology.  

Hub will play role of a unified  centre for technological innovation with a focus on financial inclusion and promoting access to financial markets.

It would develop internal infrastructure to promote FinTech research and facilitate engagement with innovators and start-ups.

RBIH will maintain an arms-length functional relationship with the central bank to ensure free play of creative forces.