The Reserve Bank of India will establish a new Payments Regulatory Board. This board will consist of six members. The RBI governor will head the board. Three members will be nominated by the central government. The new board will replace the existing BPSS. The board will regulate and supervise payment systems in India. Here are the details: Read more at: https://bfsi.economictimes.indiatimes.com/articles/new-payments-regulatory-board-in-india-governments-role-and-composition-explained/121366611