RBI creates Reserve Bank Innovation Hub to spice up monetary inclusion

The Reserve Bank of India has created a Reserve Bank Innovation Hub (RBIH). The goal of Innovation Hub is to advertise innovation throughout the monetary sector by leveraging on know-how and creating an surroundings which might facilitate and foster innovation. RBIH will collaborate with monetary sector establishments, know-how business and tutorial establishments and coordinate efforts for change of concepts and improvement of prototypes associated to monetary improvements.


About Reserve Bank Innovation Hub Management:

Reserve Bank Innovation Hub (RBIH) can be managed by a Governing Council (GC) consisting of 10 members (together with a chairperson). Shri Senapathy (Kris) Gopalakrishnan, co-founder and former co-Chairman, Infosys, has been appointed as the primary Chairperson of the RBIH.

Important takeaways for all aggressive exams:

  • Governor of RBI: Shaktikanta Das.
  • Deputy Governors of RBI: BP Kanungo, MK Jain, MD Patra and Rajeshwar Rao.
  • Headquarters of RBI: Mumbai, Maharashtra.

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