CURRENT AFFAIRS

2021

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

Who has been appointed as the Chairman of the Working Group formulated by RBI for studying digital lending activities?

A	Jayant Kumar Dash
B	Manoranjan Mishra
C	Ajay Kumar Choudhary
D	Deepak Mishra

Explanation:

Detailed explanation-1: -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.

Detailed explanation-2: -Gandhi’s appointment comes into effect from September 20, 2022.

Detailed explanation-3: -Digital Lending: A remote and automated lending process, largely by use of seamless digital technologies for customer acquisition, credit assessment, loan approval, disbursement, recovery, and associated customer service. 2.4.

Detailed explanation-4: -The Reserve Bank of India (RBI) had set up an inter-regulatory Working Group (Chair: Shri Sudarshan Sen, Executive Director, RBI) to study the entire gamut of regulatory issues relating to FinTech and Digital Banking in India.

There is 1 question to complete.