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      Question

      Reserve Bank of India (RBI) inaugurated the Reserve

      Bank Innovation Hub (RBIH) which is intended to encourage and nurture financial innovation in a sustainable manner through an institutional set-up. This is located at…………..
      A Mumbai Correct Answer Incorrect Answer
      B Chennai Correct Answer Incorrect Answer
      C Hyderabad Correct Answer Incorrect Answer
      D Bengaluru Correct Answer Incorrect Answer
      E Gurgaon Correct Answer Incorrect Answer

      Solution

      Reserve Bank of India (RBI) governor Shaktikanta Das inaugurated the Reserve Bank Innovation Hub (RBIH) in Bengaluru which is intended to encourage and nurture financial innovation in a sustainable manner through an institutional set-up. The RBI has set up RBIH as a wholly owned subsidiary with an initial capital contribution of ₹100 crore. The RBI has set up the RBIH as a Section 8 company under Companies Act, 2013. The Hub has an independent Board with S. Gopalakrishnan as Chairman and other persons from industry and academia as members

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