2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which one of the following had appointed a committee headed by N. S. Vishwanathan to make suggestions on structure for the urban cooperative banks (UCBs)?
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SEBI
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RBI
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IRDA
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LIC
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Explanation:
Detailed explanation-1: -An expert committee, headed by former RBI deputy governor N S Vishwanathan, had made a host of recommendations for strengthening the UCBs. The committee had recommended a four-tiered regulatory framework based on size of deposits of the banks and their area of operations, among other suggestions.
Detailed explanation-2: -Report of the Committee on Urban Cooperative Banks, 1978 (Madhava Das Committee) provided a well-documented study of urban banking sector in India and set standards of viability for sustained growth of urban banks.
Detailed explanation-3: -Primary Urban Co-operative Banks norms were reviewed on the recommendations of K. Madhava Rao committee.
There is 1 question to complete.