Question
What is the name of the new regulatory body formed by the Reserve Bank of India in May 2025 to supervise India's payment systems?
The correct answer is
Payments Regulatory Board
RBI Regulatory Body for Payment Systems
The Reserve Bank of India (RBI) announced the formation of a new regulatory authority in May 2025.
Objective: The primary goal of this new body is to enhance the supervision of India's diverse payment systems.
Designation: This newly established entity is named the Payments Regulatory Board.
The creation of the Payments Regulatory Board signifies RBI's commitment to ensuring the safety and efficiency of payment channels across India.
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