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| 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. | |