RBI to setup committee on NUE licenses: Head- P. Vasudevan
- The Reserve Bank of India (RBI) will setup a committee to scrutinize applications and give recommendations on New Umbrella Entity (NUE) licenses.
- The 5 member committee will be headed by Shri. P. Vasudevan.
- NUEs will establish their own payment infrastructure to compete with National Payments Corp. of India (NPCI).
Points to remember:
- Who is the head of committee formed by RBI on NUE licenses?
Source: economictimes