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ARTICLE · 28 MAY 2025

The Payments Regulatory Board: RBI's Next Step In Payment System Oversight

AK & Partners
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The Reserve Bank of India ("RBI") has made a big change in how it oversees India's growing digital payments landscape. RBI has released the 'Payments Regulatory Board Regulations, 2025' ("Regulations").

IndiaFinance and Banking
Anuroop Omkar
Anuroop Omkar

Background

The Reserve Bank of India ("RBI") has made a big change in how it oversees India's growing digital payments landscape. RBI has released the 'Payments Regulatory Board Regulations, 2025' ("Regulations"). These Regulations, published on 20th May 2025, are a key step towards making the rules for payment and settlement systems in India stronger and better.

The Change: From BPSS to PRB

The main point of this change is the creation of the Payments Regulatory Board ("PRB/Board"). The new Regulations say that the Board will take over from the old Board for Regulation and Supervision of Payment and Settlement Systems Regulations, 2008. This change shows that the RBI is updating how it manages payment systems. It's moving from an older supervisory board to a new regulatory body with a clear job. This move highlights the RBI's plan to adjust its oversight to the fast-changing digital payments landscape.

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