Question: RBI has set up a 5 member committee “standing external advisory committee (SEAC)” on March 23, 2021 to screen applications for new banks. Who is appointed as chairman of this committee?
a) Shyamala Gopinath
b) Revathy Iyer
c) B Mahapatra
d) none of the above
Ans: a)
Context
- The Reserve Bank of India (RBI) has set up a “standing external advisory committee (SEAC)” on March 23, 2021 to evaluate the applications for the universal banks and small finance banks (SFBs).
Facts
- Committee will be headed by former RBI Deputy Governor Shyamala Gopinath.
- The other members of the panel of SEAC include RBI Central Board Director Revathy Iyer, National Payments Corporation of India Chairman B Mahapatra, former Canara Bank Chairman T N Manoharan and former Pension Fund Regulatory and Development Authority Chairman Hemant Contractor.
By kameshwar shukla