The organisation will be set up as a not-for-profit company under the Companies Act, and the RBI will have the right to clear appointments of “important positions” in the SRO’s governing body.

This story is from December 31, 2019 History behind, Shaktikanta Das-led RBI charts new trails sans acrimony PTI / Dec 31, 2019, 10:06 IST Follow us ...

The Reserve Bank on Thursday issued final guidelines, including the framework, to set up a self-regulatory organisation for payment system operators as part of its payment and settlement systems ...