Current Affairs · Banking Regulation
In October 2025, the Reserve Bank of India (RBI) announced developments regarding the Payments Regulatory Board (PRB). Which of the following statements regarding the PRB is/are true? 1. The PRB is a six-member board chaired by the RBI Governor and replaces the Board for Regulation and Supervision of Payment and Settlement Systems (BPSS). 2. The PRB includes members from the RBI, the Department of Financial Services, and MeitY, and meets at least twice a year. 3. The PRB derives its powers from the Banking Regulation Act, 1949, to supervise payment systems.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both 2 and 3
- 2Both 1 and 2✓
- 3Only 2
- 4Only 1
Correct answer
Both 1 and 2
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