Payments Regulatory Board

On 30th September 2025, the Reserve Bank of India (RBI) established a six-member Payments Regulatory Board (PRB) to enhance oversight and governance of the country’s payment systems.

  • It is chaired by the RBI Governor and comprises two additional RBI representatives along with three Central Government nominees.
  • RBI Members include Deputy Governor and Executive Director in charge of Payment and Settlement Systems.
  • RBI’s principal legal adviser is a permanent invitee to PRB meetings.
  • PRB replaces the Board for Regulation and Supervision of Payment and Settlement Systems (BPSS), a committee of the RBI’s Central Board.
  • PRB derives powers from the Payment and ....
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