The Reserve Bank of India (RBI) has appointed Senapathy (Kris) Gopalakrishnan, co-founder and former co-chairman of Infosys, as the chairperson of the governing council of the Reserve Bank Innovation Hub (RBIH).
- The Reserve Bank in its Monetary Policy Statement on Development and Regulatory Policies dated August 06, 2020, had announced that the Bank will set up Reserve Bank Innovation Hub (RBIH).
- Objective: The objective of this hub is to promote innovation across the financial sector by leveraging on technology and creating an environment which would facilitate and foster innovation.
- Aim: The aim of the RBIH is to create an eco-system that would “focus on promoting access to financial services and products. This will also promote financial inclusion.”
