1. Core Announcement
- A new Payments Regulatory Board (PRB) has been set up by the Reserve Bank of India (RBI) with six members.
- It supersedes the former Board for Regulation and Supervision of Payment and Settlement Systems (BPSS).
- Legal Authority: The PRB is given its authority through the Payment and Settlement Systems Act of 2007.
Month: Current Affairs - October 06, 2025
Category: BANKING, FINANCE AND BUSINESS