Independent Research and Policy Advocacy

Rajesh Bansal Dvara Advisor

Rajesh Bansal


Rajesh Bansal is the Chief Executive Officer (CEO) of The Reserve Bank Innovation Hub. He is a highly regarded thought leader in the areas of digital financial services and digital infrastructure, Mr. Bansal has nearly three decades of global experience in designing digital IDs, electronic payment products, and cash transfers, to enable inclusive development in multiple Asian and African markets. Prior to joining RBIH, he was a senior adviser at Carnegie India, where he led the center’s Technology and Society program.

Mr Bansal has previously served at the Reserve Bank of India (RBI) in various capacities, including in areas of technology, payment systems, and financial inclusion. He is one of the key architects of India’s journey from cash to cash-lite by actively promoting policies, strengthening institutions, governance frameworks, and designing new products and solutions for scale and adoption. Mr Bansal was a member of the founding team of Aadhaar and specifically led the design of India’s Direct Benefits Transfer system which is benefiting hundreds of millions of low-income clients. He also played a key role in creating India Stack, digital ID-based infrastructure for a presence less and cashless service delivery platform in India. He has been a member of a number of committees of the Government of India and the RBI.

Mr Bansal is a frequent speaker, moderator, and panellist on financial innovation and inclusion in academic circles, conferences and fintech festivals nationally and internationally. He has authored a number of articles and opinion pieces in leading publications ranging from The Economic Times to The Print. A recipient of the prestigious Golden Jubilee scholarship scheme of the RBI, Mr Bansal holds a Master’s degree from Duke University in International Development Policy, USA.