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Axis Bank, India’s third-largest private sector bank, today announced its association with Reserve Bank Innovation Hub (RBIH) for Swanari TechSprint initiative that aims at advancing digital financial inclusion for women across the nation. Reserve Bank Innovation Hub will host Swanari (स्व-नारी) TechSprint from 18th – 22nd April 2022 to create and produce smart, creative, and […]

At FE Modern BFSI Summit, Rajesh Bansal shared his perspective from the vantage point of an organisation that was set up to promote and facilitate an environment that accelerates innovation across the financial sector. “Customers have to be at the centre of innovation,” he says. For this, he suggests a three-pronged approach – being demand-driven,

Written by Rajesh Bansal and Somya Singh India’s push for public digital infrastructure began in 2010 with Aadhaar. Over the past 12 years, the DNA of the Indian financial system has seen a drastic change. With fintech and big tech competing with banks across markets, digitization has also enabled customization in financial services.

RBI Governor Shaktikanta Das on Thursday inaugurated the Reserve Bank Innovation Hub (RBIH) in Bengaluru, set up with an initial capital contribution of Rs 100 crore to encourage and nurture financial innovation. The Hub has an independent Board with Senapathy (Kris) Gopalakrishnan as the Chairman and other eminent persons from industry and academia as members,

Public sector lender Bank of Baroda on Wednesday announced it has partnered with the Reserve Bank of India’s (RBI) wholly-owned subsidiary Reserve Bank Innovation Hub (RBIH) to promote financial inclusion of women through technology. Bank of Baroda said it will be the ‘scale-up partner’ for RBIH’s inaugural edition of its programme Swanari TechSprint which would

IIT Madras Incubation Cell (IITMIC) and RBI Innovation Hub have signed a partnership to develop a fintech ecosystem that is necessary to support and scale fintech startups.

Reserve Bank Innovation Hub (RBIH) is in the process of launching instant credit , affordable and suitable products. Rajesh Bansal, CEO of RBIH, said that Indian FinTechs are rising, but should focus on the last mile.   “On an average it takes 15-35 days to get the loan worth Rs 2 lakh. We want Instant Credit here.

Reserve Bank Innovation Hub (RBIH) has appointed Rajesh Bansal as its chief executive officer, according to a notification issued on Saturday. Bansal was a member of the founding team of Aadhaar and previously served at the RBI in various capacities in the areas of technology, financial inclusion and payments systems.

  Senapathy (Kris) Gopalakrishnan, co-founder and former co-Chairman, Infosys, has been appointed as the first Chairperson of the Reserve Bank Innovation Hub. In August, the central bank had announced that it will set up the Reserve Bank Innovation Hub (RBIH) to promote innovation across the financial sector by leveraging on technology and creating an environment

The Reserve Bank of India (RBI) has set up an Innovation Hub for the financial sector and appointed Senapathy (Kris) Gopalakrishnan, co-founder and former co-chairman of  Infosys, as the chairperson of the governing council for the entity. The central bank had said in its August monetary policy that it was going to set up a