Reserve Bank of India has set up a separate internal department for fintech (Financial technology). The new department has been created with effect from January 04, 2022, by subsuming the FinTech Division of Department of Payment and Settlement Systems, Central Office (DPSS, CO).
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
The department will not only promote innovation in the sector but also identify the challenges and opportunities associated with it and address them in a timely manner. Ajay Kumar Choudhary, who was recently promoted as the Executive Director of RBI was appointed as head of the department.
Important takeaways for all competitive exams:
Coriander is a very common spice used in almost every dish. It has a fresh…
Shri Chanchal Kumar has taken charge as the Secretary of the Ministry of Information and…
The Government of India has appointed the Famous Sand artist Mr. Sudarshan Pattnaik as the…
Good Friday which is one of the most sacred days in Christianity. This day will…
Water is the most important drink in the world because every living being needs it…
When we think about continents, we usually imagine green forests, tall trees and rich plant…