Innovation Hub for Financial Sector
- On 17th November, 2020, the Reserve Bank of India (RBI) set up an Innovation Hub for the financial sector and appointed Senapathy (Kris) Gopalakrishnan, co-founder and former co-chairman of Infosys, as the chairperson of the governing council for the entity.
- The hub aims to promote innovation across the financial sector by leveraging technology in the country.
Impact
- Promoting Financial Inclusion: The RBIH shall create an ecosystem that would focus on promoting access to financial services and products. This will also promote financial inclusion.
- Promoting Innovation: The hub will collaborate with financial sector institutions, technology industry and academic institutions and coordinate efforts ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
News Snippets
- 1 Sea Otters Help Restore Ecosystem Balance
- 2 Lion-Tailed Macaque Faces Growing Threats
- 3 ICJ Hearings on States’ Legal Obligations to Combat Climate Change
- 4 GenCast AI Model Revolutionizes Weather Forecasting
- 5 Shockwave-based Syringe for Needle-Free, Painless Drug Delivery
- 6 Willow Chip: Google's Quantum Computing Breakthrough
- 7 Indian Researchers use AI to Discover Anti-Ageing Molecules
- 8 India-UK 2+2 Foreign and Defence Dialogue
- 9 India-Kuwait Joint Commission for Cooperation
- 10 India & EU to Hold Strategic Foreign Policy Dialogue
