An Internal Working Group (IWG) has been constituted by the Reserve Bank of India with a prime objective of reviewing the extant guidelines on ownership and corporate structure for Indian private sector banks. The Internal Working Group (IWG) will be headed by Dr. Prasanna Kumar Mohanty, Director, Central Board of RBI. The Internal Working Group (IWG) is supposed to submit its report by 30th September 2020.
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The Terms of Reference of the Internal Working Group is as follows:
The Internal Working Group (IWG) consists of 5 members:
Important takeaways for all competitive exams:
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