Sahil Kini, co-founder of fintech company Setu, has been appointed as the new CEO of the Reserve Bank Innovation Hub (RBIH), succeeding Rajesh Bansal.

With extensive experience in digital finance and policy innovation, Kini is expected to accelerate RBIH’s mission to drive financial innovation and inclusion across India.

Key Points:

• Sahil Kini was selected as the new CEO of RBIH after a competitive process involving over 400 applicants from banking, fintech, and regulatory sectors.
• He co-founded Setu, a Bengaluru-based fintech later acquired by Pine Labs, and was a key contributor to IndiaStack, working on platforms like Aadhaar and UPI.
• Kini’s leadership focus includes digital credit access, fraud detection, consumer protection, and enhancing financial inclusion through innovation.
• The RBIH, set up in March 2022 in Bengaluru, fosters collaboration between startups, financial institutions, and regulators to improve financial services.
• Under his leadership, RBIH is expected to expand public–private partnerships and launch scalable pilot programs aimed at strengthening India’s digital financial infrastructure.