2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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B P Kanungo
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N S Vishwanathan
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PK Mohanty
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Urjit Patel
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Detailed explanation-1: -The central bank has set up a five-member working group, to be headed by Prasanna Kumar Mohanty, director, Central Board of the RBI, to review the extant licensing guidelines and regulations relating to ownership and control in private sector banks and suggest appropriate norms.
Detailed explanation-2: -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-3: -An Internal Working Group (IWG) was constituted by Reserve Bank on June 12, 2020 to review the extant guidelines on ownership and corporate structure for Indian private sector banks.
Detailed explanation-4: -The Committee on Financial Inclusion (Chairman: Dr. C. Rangarajan, RBI, 2008) explicitly included ‘timely and adequate credit at an affordable cost’ for vulnerable groups in the definition of the financial inclusion.