1.

Who has been appointed the head of the reconstituted Oversight Committee (OC) of RBI for faster bad loan resolution?

Answer» The Reserve Bank of India (RBI) has recently expanded the Oversight Committee (OC) from 2 to 5 for faster bad loan resolution in the banking sector. The three new members are M.B.N. Rao, Y.M. Deosthalee and S. Raman. According to the reconstituted structure, the 5-member OC will be led by a chairman and work through multiple benches to approve various cases of restructuring referred by banks.


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