BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A 10-member High Level Task force was constituted by RBI on Public Credit Registry under the chairmanship of which of the following persons?

A	Nandan Nilekani
B	ABP Pandey
C	Urjit Patel
D	Y M Deosthalee

Explanation:

Detailed explanation-1: -The Reserve Bank of India (RBI) had constituted a High Level Task Force (Chair: Mr. Y. M. Deosthalee) to assess the need and scope of setting up a Public Credit Registry in India.

Detailed explanation-2: -Headed by YM Deosthalee, ex-CMD, L&T Finance Holdings, the task force includes Sekar Karnam, DMD & Chief Credit Officer, SBI; Vishaka Mulye, ED, ICICI Bank; Rashesh Shah, Chairman and CEO, Edelweiss Group; and Sriram Kalyanaraman, MD and CEO, National Housing Bank.

Detailed explanation-3: -The Y.M. Deosthalee committee, 2018 set up by the Reserve Bank of India (RBI) recommended the setting up of a PCR. Consequently, the RBI announced plans to establish a PCR as an independent unit within the RBI.

Detailed explanation-4: -Detailed Solution. The Correct Answer is YM Deosthalee. Reserve Bank of India sets up a task force on the public credit registry on 23 October 2017.

There is 1 question to complete.