Govt to have a say in new payments regulatory board with a significant role

Quick Summary:

The notification states that the PRB may delegate any or all its powers or functions to the Chairperson of the board, or a member of the board, or a sub-committee of the board, or officers of RBI as it may deem fit and necessary for the efficient administration of the functions of the board.

Consequently, RBI in a strongly-worded dissent note said there is no case for having a regulator for payment systems outside the central bank.

RBI in a strongly-worded dissent note said there is no case for having a regulator for payment systems outside the central bank.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Payments Regulatory Board RBI Governor BPSS RBI Reserve Bank of India

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-22 @ 23:38:42 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 806 words

Reading Time: 5 minutes read

Sentences: 25 lines

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Copyright Owner: © Business Standard

News ID: 28913434

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