BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Urjit R. Patel
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H.R. Khan
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K.C. Chakrabarty
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P.J. Nayak
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Detailed explanation-1: -The P J Nayak Committee or officially the Committee to Review Governance of Boards of Banks in India was set up by the Reserve Bank of India (RBI) to review the governance of the board of banks in India. The Committee was set up in January 2014.
Detailed explanation-2: -This committee is also known as the “Committee to Review Governance of Boards of Banks” in India. It was formed in 2014 and was headed by the former CEO and chairman of the Axis Bank, PJ Nayak.
Detailed explanation-3: -The Board was constituted in November 1994 as a committee of the Central Board of Directors of the Reserve Bank of India under the Reserve Bank of India (Board for Financial Supervision) Regulations, 1994.
Detailed explanation-4: -This method was originally suggested by the P.J. Nayak Committee for the Small Scale Industries in India in need of working capital from banks. According to this method, the working capital requirement of the MSME unit is calculated at 25% of annual projected turnover.