Question
In the structure of the Payments Regulatory Board (PRB),
who holds a casting vote in case of a tie?Solution
In the Payments Regulatory Board (PRB) , each member has one vote . In case of a tie , the Chairperson—who is the RBI Governor—holds the casting vote , ensuring finality in decision-making. The PRB meets at least twice a year and aims to balance central bank control with government participation.
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