Reserve Bank of India (RBI) appointed a five-member committee under the chairmanship of Nandan Nilekani to strengthen digital payments

Financial technology, popularly known as FinTech, is the new technology and innovation to make financial services more accessible for the common people. Mobile banking, internet banking, digital payment are examples of Financial technologies.
Vamsi Athreya

Updated: Mar 26, 2019 10:13:01 am

Reserve Bank of India (RBI) appointed a five-member committee under the chairmanship of Nandan Nilekani to strengthen digital payments

26 March 2019 Current Affairs:Reserve Bank of India (RBI) appointed 5-member committee under the chairmanship of Nandan Nilekani to strengthen digital payments as well as to boost financial inclusion through Financial Technology.
This announcement made by Reserve Bank of India (RBI) Governor Shaktikanta Das at the first event of Financial Technology (Fintech) Conclave, which was organized by NITI Aayog in New Delhi.
The purpose of the event is to shape India’s predominance in FinTech, build the future strategy and policy to uplift the financial inclusion.
About Reserve Bank of India
Headquarters: Mumbai, Maharashtra, India
Established : 1 April 1935; 83 years ago
Governor: Shaktikanta Das
Currency: Indian rupee (₹)
Reserves: ₹2,751,400 crore (US$380 billion)
 
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