RBI constitutes 6-member Payments Regulatory Board
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Mumbai (PTI): The Reserve Bank on Tuesday constituted the six-member Payments Regulatory Board, which includes three central government nominees, to supervise the functioning of payment systems in the country.
The panel is headed by the Governor.
The Payments Regulatory Board (PRB) replaces the Board for Regulation and Supervision of Payment and Settlement System (BPSS), a committee of the Central Board of the Reserve Bank of India.
The five-member BPSS was also headed by the RBI Governor, but does not include any government nominee.
The other two RBI members on the PRB are Deputy Governor and Executive Director in-charge of the Payment and Settlement Systems.
Government nominees on the board are Secretary, Department of Financial Services; Secretary, Ministry of Electronics and Information Technology; and Aruna Sundararajan, former telecom secretary.
The Principal Legal Adviser of RBI is a permanent invitee to the meetings of the board.
The Payments Regulatory Board shall ordinarily meet at least twice a year, according to a notification issued in May.
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Allen, Raghuvanshi, Green power KKR to 29-run win over GT
Kolkata (PTI): Finn Allen blasted a 35-ball 93, while Angkrish Raghuvanshi hit an unbeaten 44-ball 82 as Kolkata Knight Riders kept their playoff hopes alive with a 29-run win over Gujarat Titans in the IPL match here on Saturday.
Sent in to bat, Allen went on a six-hitting spree, smashing 10 maximums and four boundaries to add 95 off 41 balls with Raghuvanshi (82).
Raghuvanshi then shared another 108 off 53 balls with Cameron Green (52 not out) to power KKR to a challenging 247 for 2.
In reply, GT could manage 218-4, riding on skipper Shubman Gill's 49-ball 85 and a 35-ball 57 from Jos Buttler. Opener Sai Sudarsan was retired hurt but returned to make a 28-ball 53 not out.
Sunil Narine (2/29) claimed two wickets and Saurabh Dubey snapped one for KKR.
For GT, Mohammed Siraj (1/50), Sai Kishore (1/38) were the wicket-takers.
Brief Score:
KKR: 247 for 2 in 20 overs (Finn Allen 93, Angkrish Raghuvanshi 82 not out, Camero Green 52 not out; Mohammed Siraj 1/50).
GT: 218 for 4 in 20 overs (Shubman Gill 85, Sunil Narine 2/29).
