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RBI Governor, Shaktikanta Das inaugurates RBIH in Bengaluru

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, […]

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Bank of Baroda, RBI’s Innovation Hub to boost financial inclusion for millions of women entrepreneurs

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

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Instant credit soon; FinTech market to reach $84 billion by 2025, says RBIH CEO Bansal

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.

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Kris Gopalakrishnan appointed as the first chairperson of the Reserve Bank Innovation Hub

  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

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RBI sets up an innovation hub for the financial sector under Kris Gopalakrishnan

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

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