Current Affairs · Banking and Economy
The Payments Regulatory Board (PRB), reconstituted under the Payment and Settlement Systems Act, 2007, held its first meeting in January 2026. Which of the following best describes the mandate and focus of the PRB reviewed during this meeting?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Monitoring and evaluation of global forex reserves
- 2Review and oversight of the payment systems in the country✓
- 3Regulation of credit rating agencies and insurance payment gateways
- 4Supervision and micro-management of cooperative credit banks
Correct answer
Review and oversight of the payment systems in the country
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