The Reserve Bank of India's Innovation Hub (RBIH) appointed Rajesh Bansal as its chief executive officer, with effect from May 17 onwards. The RBIH was set up in August last year to promote innovation across the financial sector with the help of technology. Bansal, who was part of the founding team of the Unique Identification Authority of India (UIDAI), has advised several RBI committees in the past and has worked with the Centre in areas of technology, financial inclusion and payment systems. He played a key role in designing India's Direct Benefits Transfer system and electronic KYC, a statement by RBIH said. "Bansal has over 25 years of experience in designing technology-led population-scale payment products, electronic cash transfers, digital financial services, and digital IDs to enable inclusive development in India and multiple Asian and African markets," it said. In November…
