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<h1>Central bank innovation: RBI establishes a wholly owned hub to foster inclusive financial sector prototypes and startup mentorship.</h1> Reserve Bank of India has established the Reserve Bank Innovation Hub (RBIH) as a wholly owned subsidiary in Bengaluru to build an ecosystem for prototypes, patents and proofs of concept, mentor high potential start ups, and promote cross domain collaboration with industry, academia and Government to develop solutions that broaden access to financial services, particularly for low income and underserved populations, under the guidance of an independent Board.