[Newsbits] 6.1.2026 – Daily Current Affairs Mind Map
1. Payments Regulatory Board (PRB)
- Context: The first meeting was held in Mumbai (Chaired by Sanjay Malhotra), marking the operationalisation of the new payments governance framework.
- Nature: A statutory body enabling the RBI to exercise regulatory and supervisory powers over payment/settlement systems.
- Legal Basis:
- Established under Section 3 of the Payment and Settlement Systems Act, 2007.
- Replaces: The earlier Board for Regulation and Supervision of Payment and Settlement Systems (BPSS).
- Effect: O
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