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Payments Regulatory Board
May 30 , 2025
22 days
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- The Reserve Bank of India (RBI) has officially notified the formation of a new six-member Payments Regulatory Board (PRB).
- It aims to regulate and supervise payment systems in the country.
- It is replacing the existing Board for Regulation and Supervision of Payment and Settlement Systems (BPSS).
- The new PRB will be headed by the RBI Governor and will for the first time include three nominees from the central government.
- The Governor, Deputy Governor, and the nominated RBI official will serve as ex officio members.
- The other members will be the
- Deputy Governor in charge of Payment and Settlement Systems,
- One RBI official nominated by the Central Board, and
- Three government nominees.
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