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RBI Innovation Hub Appoints Founding UIDAI Member Rajesh Bansal as CEO

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 last year, the RBI appointed Kris Gopalakrishnan, co-founder and former co-Chairman of Infosys Ltd, as the first chairman of the RBIH. Gopalakrishnan is currently the chief mentor of Start-up Village, a start-up incubator. He is also the chairperson of a Ministry of Electronics and Information Technology expert committee on non-personal data, which submitted its report on non-personal data governance in July last year. The other members of RBIH’s governing council include: Ashok Jhunjhunwala, professor, Indian Institute of Technology, Madras H. Krishnamurthy, professor, Indian Institute of Science, Bengaluru Gopal Srinivasan, chairperson and managing director, TVS Capital Funds AP Hota, former CEO, National Payments Corporation of India (NPCI) Mrutyunjay Mahapatra, former CMD,…

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