Question
Under the companies act 2013, a section 8 company
Reserve Bank Innovation Hub (RBIH) was inaugurated in Bengaluru with a capital of Rs________.Solution
Reserve Bank of India Governor, Shri Shaktikanta Das inaugurated the Reserve Bank Innovation Hub (RBIH)on March 24th, 2022 in Bengaluru. It was set up as a Section 8 company under Companies Act, 2013, with an initial capital contribution of ₹100 crore to encourage and nurture financial innovation in a sustainable manner through an institutional set-up.
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