Tuesday Sep 13, 2022

Frictionless finance for a billion Indians with Rajesh Bansal | Episode 37

About the Episode:

Fostering innovation in the financial sector has always been interlinked with regulation. Last year, RBI set up an independent not for profit company with an independent board - the Reserve Bank Innovation Hub (RBIH) - to act in the interests of the ecosystem and working with all stakeholders, be it academia, FinTech or industry.
Join RBIH's CEO Mr. Rajesh Bansal with host Sanjay Jain as they discuss RBIH's vision of frictionless finance for a billion Indians.

About the Guest:

Mr. Rajesh Bansal is the CEO of Reserve Bank Innovation Hub (RBIH). A highly regarded thought leader, he has nearly three decades of global experience in digital financial services and digital infrastructure across Asian and African markets.

Mr. Bansal is one of the key architects of India’s journey from a cash to cash-lite economy by actively promoting policies, strengthening institutions, governance framework, and designing new products and solutions for scale and adoption. He was a member of the founding team of Aadhaar and specifically led the design of India’s Direct Benefits Transfer system which is benefiting hundreds of millions of low-income clients. He played a key role in creating India Stack, a digital ID-based infrastructure for a presence less and cashless service delivery platform, and has been a member of several committees of Government of India and the Reserve Bank of India (RBI).

Prior to joining RBIH, he was a senior adviser at Carnegie India, where he led the centre’s Technology and Society programme. Mr. Bansal has previously served the RBI in various capacities, including in areas of technology, payment systems, and financial inclusion.

Mr. Bansal holds a Master’s degree from Duke University in International Development Policy, USA and has authored a number of articles and opinion pieces in leading publications. Today he commands the magnanimous position of being one of the Top 30 Indian fintech influencers in 2022 and has been a recipient of the prestigious Golden Jubilee scholarship scheme of the RBI.


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