CURRENT AFFAIRS

Detailed explanation-1: -The Reserve Bank of India had constituted a Working Group (WG) on digital lending including lending through online platforms and mobile apps on January 13, 2021, with Shri Jayant Kumar Dash, Executive Director, RBI as the Chairman.

Detailed explanation-2: -Detailed Solution. The RBI has constituted a 5-member Internal Working Group to review the guidelines related to ownership, governance and corporate structure of private sector banks. RBI Central Board Director P K Mohanty will head the committee, which will submit its report by 30th September 2020.

Detailed explanation-3: -RBI had set a WG on Digital Lending including Lending through Online Platforms and Mobile Apps, with Jayant Kumar Dash, Executive Director, RBI, as the Chairman to study all aspects of digital lending activities in the regulated financial sector as well as by unregulated players.

Detailed explanation-4: -UPSC Mains Q. Who is the head of RBI’s working group on regulation of Digital lending space? Notes: The Reserve Bank of India has formed a 6-member working group headed by its Executive Director Jayant Kumar Dash, on regulation of digital lending space.