Placeholder canvas

RBI appoints Nandan Nilekani as chairman of a special committee on Digital Payments

Date:

The Reserve Bank of India on Tuesday appointed Infosys co-founder Nandan Nilekani as the chairman of a special committee to assess the Digital Payments.

Nilekani has served as chairman of the Unique Identification Authority of India (UIDAI), which manages the biometrics-based personal identification programme Aadhaar.

The committee is being constituted with a view to encourage digitisation of payments and enhance financial inclusion through digitisation.

ALSO READ: Citizenship Amendment Bill passed in Lok Sabha

Along with Nilekani, the five-member panel consists of H.R. Khan-  former RBI deputy governor Former Deputy Governor, Kishore Sansi- former managing director and Chief Executive Officer, Vijaya Bank, Aruna Sharma- former secretary of Ministry of Information Technology and Steel and  Sanjay Jain- Chief Innovation Officer, Center for Innovation, and Incubation & Entrepreneurship (CIIE), IIM Ahmedabad.

The committee will be responsible for reviewing the existing status of digitisation of payments in the country, identifying the current gaps in the ecosystem and suggest ways to bridge them. Moreover, it will assess the current levels of digital payments in financial inclusion.

The panel will also undertake cross country analyses with a view to identify best practices that can be adopted in our country to accelerate digitisation of the economy and financial inclusion through greater use of digital payments, suggest measures to strengthen the safety and security of digital payments.

ALSO READ: 
The man in this picture is not an Indian soldier; don’t believe the FAKE claim

 

The committee has also been tasked with chalking out a road map for increasing customer confidence and trust while accessing financial services through digital modes, suggest a medium-term strategy for deepening of digital payments; and any other related item of importance.

The RBI stated that the committee has been directed to submit a report within a period of 90 days from the date of its first meeting.

(With ANI inputs)

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Blinken Tells Netanyahu That US Opposes Israeli Assault In Rafah

The top US diplomat has been trying to push for an agreement between Israel and Hamas that would lead to the release of prisoners and a temporary end to hostilities

Most Parts Of India Likely To Experience Above Normal Max Temp In May: IMD

The IMD however stated that some parts of northwest and central India and adjoining areas of northeast peninsular India are likely to record normal to below-normal maximum temperatures

UK: PM Sunak’s Fate Hangs In Balance As Country To Vote In Local Polls This Week

These polls are the last major electoral test before the general election that Sunak's party, in power since 2010, seems destined to lose to the Labour opposition

Karnataka CM Requests PM Modi To Cancel Revanna’s Diplomatic Passport

The letter of the CM comes in light of the ongoing investigation into an alleged sex scandal involving Prajwal who is believed to have fled to Germany after the conclusion of the first phase of the Lok Sabha polls in Karnataka on April 26