RBI appoints members to advisory committee for Universal and Small Finance Banks

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RBI appoints members to advisory committee for Universal and Small Finance Banks

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RBI appoints members to advisory committee for Universal and Small Finance Banks

//business-finance.news-articles.net/content/202 .. ittee-for-universal-and-small-finance-banks.html

Published in Business and Finance on Monday, January 20th 2025 at 11:00 GMT by cnbctv18
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

The Reserve Bank of India has appointed a five-member Standing External Advisory Committee (SEAC), led by MK Jain, to assess applications for Universal and Small Finance Banks.

2025-01-20 183 x 110 / 6342 Bytes

The Reserve Bank of India (RBI) has appointed members to the Advisory Committee for Universal and Small Finance Banks, as announced on February 1, 2024. The committee, which plays a crucial role in advising on matters related to the development and regulation of these banks, includes notable figures such as the RBI Deputy Governor, the Executive Director in charge of the Department of Regulation, and representatives from various sectors including agriculture, small industries, and banking. The committee's formation aims to enhance the governance and operational efficiency of universal and small finance banks, ensuring they meet the evolving needs of the economy while maintaining financial stability.

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