The Reserve Bank of India has constituted a 10-member High Level Task Force on Public Credit Registry (PCR) for India, which will, among other things, suggest a roadmap for developing a transparent, comprehensive and near-real-time PCR for India. Who is the head of Public Credit Registry?

BANKING GENERAL KNOWLEDGE

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

The Reserve Bank of India has constituted a 10-member ‘High Level Task Force on Public Credit Registry (PCR) for India’, which will, among other things, suggest a roadmap for developing a transparent, comprehensive and near-real-time PCR for India. Who is the head of Public Credit Registry?

A	Sekar Karnam
B	Rashesh Shah
C	Vishaka Mulye
D	YM Deosthalee

Explanation:

Detailed explanation-1: -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-2: -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-3: -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.

Detailed explanation-4: -The Reserve Bank of India was set up on the basis of the recommendations of the Hilton Young Commission. The Reserve Bank of India Act, 1934 (II of 1934) provides the statutory basis of the functioning of the Bank, which commenced operations on April 1, 1935.

There is 1 question to complete.