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Vijay Chugh

Former Principal Chief General Manager, RBI


Vijay Chugh works closely and assists the firm on supervision and regulation, payment and settlement systems, Core Banking Solution for Central Banks, and financial inclusion aspect among other things in banking regulatory sector.


He is a former Principal Chief General Manager & Head, Department of Payment and Settlement Systems at Reserve Bank of India (RBI). Vijay is also an adviser to the World Bank (F&M) Group, International Monetary Fund (IMF), and the the UN Capital Development Fund (UNCDF).


In addition to assisting and advising Regstreet Law Advisors, Vijay serves on the board of various companies and acts as a consultant to various Indian and international organisations on specific project including Deloitte Touche Tohmatsu India LLP, Google India, Netflix Entertainment Services India Ltd and Payswiff Solutions P. Limited, India, MobMe, LivQuik, ITZ Cash, ECurrency Mint (UK/USA).


In the past, Vijay has been a Member, Committee for Payments & Market Infrastructure (CPMI – the erstwhile CPSS), Bank for International Settlements, Basel, Switzerland; Member, SAARC Payments Council; Director, Payment & Settlement Systems of Asia-Pacific Central Banks (SEACEN, Malaysia; and Member, Regulatory Oversight Committee and its Executive Committee, Global Legal Entity Identifier (GLEI) Foundation, Switzerland.

In India, he has been Member Secretary, Indian/Bharat Bills Payment System (BBPS); Member Secretary, MSME Trade Receivables Exchange (TReDS); Member Secretary, Mobile Banking – SMS and USSD channels; Chairman, Virtual Currencies; Chairman, Implementation of IBAN; and Member, Resolution Regimes for Financial Institutions.