Bansal was a member of the founding staff of Aadhaar and beforehand served on the RBI in numerous capacities within the areas of know-how, monetary inclusion and funds methods.
On the Distinctive Identification Authority of India (UIDAI), Bansal who was assistant director common performed a key position in designing India’s Direct Advantages Switch (DBT) system, particularly for cooking fuel and the digital KYC (eKYC). He additionally led the implementation of the world’s first interoperable financial institution agent system which has turn out to be the trade norm now and has come in useful as India navigates the Covid-19 pandemic.
He has additionally been a member of varied committees of the RBI and the Authorities of India.
Bansal took over the position from Could 17 and was appointed by the board of the RBIH which is headed by Infosys co-founder S (Kris) Gopalakrishnan.
The Innovation Hub was introduced final 12 months by the RBI with the intention to advertise innovation throughout the monetary sector by leveraging know-how.
The Hub would develop inside infrastructure to advertise fintech analysis and facilitate engagement with innovators and start-ups. RBIH is managed by an impartial board consisting of trade and educational stalwarts as its members and is at the moment constructing its staff.