RBI constitues 8-member expert panel for strenthening Urban Co-operative Banks

The Reserve Bank of India (RBI) has constituted an eight-member expert committee on Primary (Urban) Co-operative Banks (UCBs) to examine issues and suggest a road map for strengthening the sector. The committee will be chaired by the former RBI Deputy Governor N. S. Vishwanathan.

WARRIOR 5.0 Batch for SBI, RRB, RBI and IBPS Exams Banking Awareness Online Coaching | Bilingual

Role of the Committee

Assess the regulatory measures taken by the RBI and other authorities in respect of UCBs and their impact over the last five years to identify key constraints and enablers in fulfilment of their socio-economic objective.
Review the current regulatory approach and recommend suitable measures to strengthen the sector.
Suggest effective measures for faster rehabilitation and resolution of UCBs and assess the potential for consolidation in the sector

Other members

Harsh Kumar Bhanwala: Former Chairman of the National Bank for Agriculture and Rural Development (NABARD) ,
Mukund Chitale: Chartered Accountant
NC Muniyappa and RN Joshi: retired Indian Administrative Service officers
MS Sriram: IIM Bengaluru Professor
Jyotindra Mehta: President of the National Federation of Urban Cooperative Banks and Credit Societies
Neeraj Nigam: Chief General Manager-in-Charge, Department of Regulation, RBI

Important takeaways for all competitive exams: