Daily Current Affairs / RBI to set up a five-member panel on new umbrella entity licenses
Category : Business and economics Published on: September 03 2021
· The Reserve Bank of India (RBI) has constituted a five-member committee to review applications and make recommendations on New Umbrella Entity (NUE) licences.
· The five-member committee will be headed by RBI Chief General Manager P Vasudevan.
· The new umbrella entities will set up their own payment structure to compete with the National Payments Corporation of India (NPCI).
Important facts:
About RBI
v The First Governor of RBI was Sir Osborne Smith and the First Indian Governor of RBI was CD Deshmukh.
v The First woman Deputy Governor of RBI was KJ Udeshi.
v The only Prime Minister who was the Governor of RBI was Manmohan Singh.
v Present Governor of RBI: Shaktikanta Das.
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