Question. __ has announced the setting up of an Innovation Hub under the chairmanship of Kris Gopala Krishnan.
(A) SBI
(B) RBI
(C) NABARD
(D) None of these
Answer – ( b )
Explanation-
- Why in news – Reserve Bank of India(RBI) has announced the setting up of an Innovation Hub under the chairmanship of Kris Gopala Krishnan.
- About – The RBI set up the hub to promote, support and hand-hold cross thinking.
- The hub will aim to increase the use of innovative technologies across the finance sectors.
- The hub acts as a Centre for incubation and ideation of new capabilities that can be leveraged to create innovative financial services and products.
- The hub will aid in achieving the following objectives :-
- Efficient Banking services.
- Deepen Financial Inclusion.
- Strengthen consumer protection.
- Business Continuity in times of emergency
- Also remember :-
- The Committee was formed by the Ministry of Information Technology in September 2019. It submitted a report on Non-Personal Data Governance Framework in July 2020.
By:Arpit Mishra
Link: