The first meeting of the Payments Regulatory Board (PRB) was held in Mumbai under the chairmanship of Reserve Bank of India (RBI) Governor Sanjay Malhotra. The Board was constituted following amendments to the Payment and Settlement Systems Act, 2007, which came into effect on 9th May last year.
The Board meeting reviewed the functioning of the Department of Payment and Settlement Systems and discussed key focus areas covering both domestic and global payment systems. Members also examined the draft Payments Vision 2028 and reviewed findings of the Reserve Bank’s recent Survey on Digital Payments.
