RBI finalises external committee on new bank licences -Governance Now

RBI finalises external committee on new bank licences

The committee headed by Bimal Jalan will include Usha Thorat, Chandrakant Bhave and Nachiket Mor

GN Bureau | October 4, 2013

A three-member external committee to recommend granting of new banking licences was finalised by the reserve bank of India (RBI) on Friday.

Apart from former RBI governor Bimal Jalan, whose name was announced earlier as the panel head, the committee will include former deputy governor of RBI Usha Thorat, former securities and exchange bureau of India chairman Chandrakant Bhave and Nachiket Mor, director on the RBI central board.

The apex bank governor Raghuram Rajan reiterated that a decision on the new bank licences will be taken by January next year.

In addition, Rajan also announced that a task force would be set-up to ensure that payments made by the state government would be done through the electronic mode.

Comments

Other News

Timeless lessons for today’s readers

Indian Philosophies Rediscovered: Ancient Wisdom, Modern Relevance By Rajeev Kurapati Rupa Publications, 232 pages, Rs 395.00 Western philosophy, in its original conception, offered guidance on the key question: ‘How to Live’. Over the cent

Growing kitchen gardens – and hope

In the heart of Delhi’s Nizamuddin Basti, one of the world’s most densely populated neighbourhoods, women and young people across socio-economic groups are quietly reshaping their environment. Amidst narrow lanes and crowded homes, they are coaxing spinach, chillies, bitter gourd, and tulsi out

Creating ambassadors for the environment

Rani, a student of a school in Wadepuri, a remote village in Nanded district of Maharashtra, says, “There is a big Devi mandir in my village where many pilgrims come every year. This year we have planted 200 trees along the pathway to the mandir, and we will take care of the trees and celebrate their