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Payments Regulatory Board
October 4 , 2025
14 hrs 0 min
17
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- The Reserve Bank of India (RBI) formed the Payments Regulatory Board on May 9, 2025.
- It was replacing the earlier Board for Regulation and Supervision of Payment and Settlement Systems.
- The board is headed by the RBI Governor and includes the Deputy Governor and Executive Director in charge of Payment and Settlement Systems.
- The board is responsible for regulating and supervising all domestic and cross-border, electronic and non-electronic payment systems.
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