RBI Governor Shaktikanta Das inaugurates Reserve Bank Innovation Hub (RBIH) in Bengaluru

The RBI has set up the RBIH as a Section 8 company under Companies Act, 2013, with an initial capital contribution of Rs 100 crore to encourage and nurture financial innovation in a sustainable manner through an institutional set-up. RBIH, RBI said, aims to create an ecosystem that focuses on promoting access to financial services and products for the low-income population in the country.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/7WUHaV8
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