RBI sets up Panel to Evaluate Applications for Universal Banks and SFBs

Current Context: The Reserve Bank of India (RBI) has set up a 5 member committee to evaluate applications for Universal Banks and Small Finance Banks.

• The committee set up for this purpose is termed as ‘standing external advisory committee (SEAC)’.
• The 5 member committee will be headed by former Deputy Governor Shyamala Gopinath.
• Other members of the committee: Director of the central board of RBI, Revathy Iyer; Former executive director of the National Payments Corporation of India, B Mahapatra; Former Chairman of the Canara Bank, T N Manoharan, Former MD of the State Bank of India, Hemant G Contractor.
• The committee will work for a tenure of three years and the secretarial support to the committee will be granted by the Department of Regulation of the RBI.
• The committee is set up in regards to the guidelines from RBI for ‘on-tap’ Licensing of Universal Banks in the Private Sector (1st Aug 2016) and Guidelines for ‘on-tap’ Licensing of Small Finance Banks in the Private Sector (5th Dec 2019), which indicates that applications for Universal Banks and Small Finance Banks will be initially screened by the Reserve Bank to ensure prima facie eligibility of the applicants.
• The SEAC will evaluate the applications thereafter.
• Static Part: 
• HQ of RBI: Mumbai
• Governor of RBI: Shaktikanta Das

Question: 

Q.1 Who among the following to head the committee set up by RBI to evaluate applications for Universal Banks and Small Finance Banks?
a. Hemant G Contractor
b. T N Manoharan
c. Shyamala Gopinath
d. Revathy Iyer