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RBI sets up panel under Nandan Nilekani to boost digital payments

RBI sets up panel under Nandan Nilekani to boost digital payments

The Reserve Bank of India (RBI) has set up a committee to recommend on how to ‘deepen’ digital payments. The idea is to encourage digitisation of payments and enhancing of financial inclusion through digitisation. The five-member committee would be headed by Nandan Nilekani, chairman of Infosys Technologies and former chairman, Unique Identification Authority of India. The panel is to give its report within 90 days from the date of its first meeting. The other panel members are H R Khan, former deputy governor at RBI; Kishore Sansi, former managing director ...