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Inauguration of the Reserve Bank Innovation Hub (RBIH) (Inaugural Address delivered by Shri Shaktikanta Das, Governor, Reserve Bank of India at the Reserve Bank Innovation Hub - March 24, 2022, Bengaluru) Central Banks are often viewed as traditional institutions that set monetary policies, issu
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FAQ :
RBIH is a wholly-owned subsidiary of the Reserve Bank of India, established to promote and facilitate an environment that accelerates innovation across the financial sector.
The Reserve Bank Innovation Hub has been set up in Bengaluru, Karnataka.
The main objective of RBIH is to foster innovation in the financial sector, with a particular focus on promoting access to financial services and products for the low-income population and driving innovation with social impact.
RBIH is expected to build an ecosystem for developing prototypes, patents, and proofs of concept, mentor start-ups, and collaborate with various government bodies and academia to identify and explore potential solutions.
The Reserve Bank Innovation Hub was inaugurated by Shri Shaktikanta Das, Governor of the Reserve Bank of India.
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