Recently, The Reserve Bank of India (RBI) constituted a 15-member inter-regulatory committee to monitor the growing phenomenon of shadow banking. Who has been appointed as the Chairman of this committee?

BANKING GENERAL KNOWLEDGE

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

A	P. Vijaya Bhaskar
B	Dindyal Kukreja
C	N. Sundaresan
D	Ram Nath

Explanation:

Detailed explanation-1: -Section 45ZB of the RBI Act provides for the constitution of a six-member Monetary Policy Committee (MPC) to determine the policy rate required to achieve the inflation target.

Detailed explanation-2: -Narasimham Committee on banking sector reform (1998) has provided a framework for reform in the money market also. RBI has already acted on many of them.

Detailed explanation-3: -Bandhan Bank said on Monday that it has been empanelled by the Reserve Bank of India (RBI) to act as an agency bank to facilitate transactions related to government businesses. The RBI’s decision will help Bandhan Bank in contributing to nation-building, its MD and CEO Chandra Sekhar Ghosh said.

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