RBI sets up Panel to Review Corporate Structure

Published on June 15, 2020
Current Context: Reserve Bank of India has set up a committee of 5 members which is basically a 5 member internal working group (IWG) to review the ownership and corporate structure of Indian private sector banks.
RBI sets up Panel to Review Corporate Structure

  • The committee will be headed by Dr Prassanna Kumar Mohanty who is Central Board Director of RBI.
  • The committee is expected to submit the review and analysis report by 30th September 2020.
  • The IWG will evaluate the extant licensing guidelines and regulations which are related to ownership and control of Indian private sector banks.
  • The committee will also review the eligibility criteria for individuals or entities to apply for a baking license.
  • The IWG will examine and evaluate present regulations holdings of financial subsidiaries through a non-co-operative financial holding company (NOFHC) and will suggest solutions of migrating all banks to uniform regulations.
  • Static Part: 
    • HQ of RBI: Mumbai
    • Governor of RBI: Shaktikanta Das

Question: 

Q.1 Who will head the committee set up by RBI to review the ownership and corporate structure of Indian private sector banks?
a. S.C. Murmu
b. Dr Prassanna Kumar Mohanty
c. Prof Sachin Chaturvedi
d. Shri Mohan Yadav

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