- The department commenced its operations on 4th Jan 2022 by subsuming the FinTech Division of the Department of Payment and Settlement Systems, Central Office (DPSS, CO).
- Various promotion of innovation will be managed by this department.
- It will identify challenges in fintech and will develop strategies to tackle them in a timely manner.
- The RBI’s fintech department will be the central point of contact for all fintech-related activities.
- Ajay Kumar Choudhary was appointed as head of the department. He was recently promoted as Executive Director of RBI.
- Static Part:
- HQ of RBI: Mumbai
- Governor of RBI: Shaktikanta Das
Question:
Q.1 Who among the following to head RBI’s newly formed separate internal department for fintech?
a. Ajay Seth
b. Rajeshwar Rao
c. Revathy Iyer
d. Ajay Kumar Choudhary
a. Ajay Seth
b. Rajeshwar Rao
c. Revathy Iyer
d. Ajay Kumar Choudhary
