Rajesh Bansal appointed as CEO of Reserve Bank Innovation Hub

The Board of Reserve Bank Innovation Hub (RBIH) has appointed Rajesh Bansal as the chief executive officer (CEO) of the RBIH with effect from May 17, 2021, the RBIH said in a statement. The Reserve Bank Innovation Hub would develop internal infrastructure to promote fintech research and facilitate engagement with innovators and start-ups.

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About Rajesh Bansal:

• Bansal has over twenty-five years of experience in designing technology-led population-scale payment products, electronic cash transfers, digital financial services and digital IDs to enable inclusive development in India and multiple Asian and African markets.
• He has earlier served at the RBI in various capacities in the areas of technology, financial inclusion and payment systems.
• He was a member of the founding team of Aadhaar where he played a key role in designing India’s Direct Benefits Transfer system and electronic KYC (eKYC). He has been a member of various committees of the RBI and the Government of India, the statement added.

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