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Six-member RBI board to regulate payment systems
Financial Express Chandigarh
|May 24, 2025
A SIX-MEMBER PAYMENTS regulatory board (PRB), headed by Reserve Bank of India (RBI) governor Sanjay Malhotra, will regulate and supervise payment systems in the country, according to a central bank notification.
The panel will have three central government nominees.
The PRB will replace the Board for Regulation and Supervision of Payment and Settlement System (BPSS). The five-member BPSS is also headed by the RBI governor, but does not include any government nominee. The other members are a deputy governor concerned and three directors from the Central Board of the Reserve Bank of India.
The Reserve Bank has now notified 'Payments Regulatory Board Regulations, 2025'.
Cette histoire est tirée de l'édition May 24, 2025 de Financial Express Chandigarh.
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