All Exams Test series for 1 year @ ₹349 only
Question

In May 2025, the RBI introduced a new Payments Regulatory Board of how many members to regulate and supervise payment systems in the country?

The correct answer is
6

RBI Payments Regulatory Board Member Count

In May 2025, the Reserve Bank of India (RBI) established a new Payments Regulatory Board.

The primary purpose of this board is to oversee and regulate the nation's payment systems.

The board consists of 6 members.

Understanding the Board's Structure

  • Establishment: May 2025
  • Objective: Regulate and supervise payment systems in India.
  • Composition: The board has a total of 6 members.

This initiative aims to enhance the safety and efficiency of digital payments and other payment systems within the country.

Was this answer helpful?

Important Questions from Banking

  1. The base financial year for the calculation of the all India Index of Industrial Production (IIP) is:

  2. Which two entities collaborated to launch the FIRST EA₹N Credit Card?

  3. Consider the following statements:

    1. Union Bank of India has become the first Indian bank to integrate Clari5's National Cybercrime Reporting Portal.

    2. This integration aims to improve fraud prevention and complaint management.

    3. The system was developed solely by the Reserve Bank of India.

    Mark the correct statement from the above using the codes given below:

  4. Consider the following statements:

    1. Union Bank of India has become the first Indian bank to integrate Clari5's National Cybercrime Reporting Portal.

    2. This integration aims to improve fraud prevention and complaint management.

    3. The system was developed solely by the Reserve Bank of India.

    Mark the correct statement from the above using the codes given below:

  5. What is the primary objective of the renewed partnership between SBI Payments and Pine Labs?

Need Expert Advice?

Start Your Preparation with Prepp Mobile App

Download the app from Google Play & App Store
Download the app from Google Play & App Store
Prepp Mobile App