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Reserve Bank of India (RBI) has recently constituted a working group chaired by Jayant Kumar Dash which is related to:
- a)Conversion of big Non-Banking Financial Companies (NBFCs) into banks
- b)Digital lending
- c)Review Extant Ownership Guidelines and Corporate Structure for Indian Private Sector Banks
- d)None of the above
Correct answer is option 'B'. Can you explain this answer?
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Reserve Bank of India (RBI) has recently constituted a working group c...
The Reserve Bank of India (RBI) has constituted a working group on digital lending — including online platforms and mobile apps — to study all aspects of digital lending activities in the regulated financial sector as well as by unregulated players.
- The working group consists of both internal and external members and is chaired by Jayant Kumar Dash, Executive Director, RBI
- The working group will
- evaluate digital lending activities and assess the penetration and standards of outsourced digital lending activities in RBI regulated entities;
- identify the risks posed by unregulated digital lending to financial stability, regulated entities and consumers; and
- suggest regulatory changes to promote orderly growth of digital lending.
- It will also recommend measures for expansion of specific regulatory or statutory perimeter and suggest various regulatory and government agencies' role. It will also recommend a robust fair practices code for digital lending players.
- The group will submit its report within three months.
Most Upvoted Answer
Reserve Bank of India (RBI) has recently constituted a working group c...
The Reserve Bank of India (RBI) has constituted a working group on digital lending — including online platforms and mobile apps — to study all aspects of digital lending activities in the regulated financial sector as well as by unregulated players.
- The working group consists of both internal and external members and is chaired by Jayant Kumar Dash, Executive Director, RBI
- The working group will
- evaluate digital lending activities and assess the penetration and standards of outsourced digital lending activities in RBI regulated entities;
- identify the risks posed by unregulated digital lending to financial stability, regulated entities and consumers; and
- suggest regulatory changes to promote orderly growth of digital lending.
- It will also recommend measures for expansion of specific regulatory or statutory perimeter and suggest various regulatory and government agencies' role. It will also recommend a robust fair practices code for digital lending players.
- The group will submit its report within three months.
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Reserve Bank of India (RBI) has recently constituted a working group chaired by Jayant Kumar Dash which is related to:a)Conversion of big Non-Banking Financial Companies (NBFCs) into banksb)Digital lendingc)Review Extant Ownership Guidelines and Corporate Structure for Indian Private Sector Banksd)None of the aboveCorrect answer is option 'B'. Can you explain this answer?
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Reserve Bank of India (RBI) has recently constituted a working group chaired by Jayant Kumar Dash which is related to:a)Conversion of big Non-Banking Financial Companies (NBFCs) into banksb)Digital lendingc)Review Extant Ownership Guidelines and Corporate Structure for Indian Private Sector Banksd)None of the aboveCorrect answer is option 'B'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Reserve Bank of India (RBI) has recently constituted a working group chaired by Jayant Kumar Dash which is related to:a)Conversion of big Non-Banking Financial Companies (NBFCs) into banksb)Digital lendingc)Review Extant Ownership Guidelines and Corporate Structure for Indian Private Sector Banksd)None of the aboveCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Reserve Bank of India (RBI) has recently constituted a working group chaired by Jayant Kumar Dash which is related to:a)Conversion of big Non-Banking Financial Companies (NBFCs) into banksb)Digital lendingc)Review Extant Ownership Guidelines and Corporate Structure for Indian Private Sector Banksd)None of the aboveCorrect answer is option 'B'. Can you explain this answer?.
Reserve Bank of India (RBI) has recently constituted a working group chaired by Jayant Kumar Dash which is related to:a)Conversion of big Non-Banking Financial Companies (NBFCs) into banksb)Digital lendingc)Review Extant Ownership Guidelines and Corporate Structure for Indian Private Sector Banksd)None of the aboveCorrect answer is option 'B'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Reserve Bank of India (RBI) has recently constituted a working group chaired by Jayant Kumar Dash which is related to:a)Conversion of big Non-Banking Financial Companies (NBFCs) into banksb)Digital lendingc)Review Extant Ownership Guidelines and Corporate Structure for Indian Private Sector Banksd)None of the aboveCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Reserve Bank of India (RBI) has recently constituted a working group chaired by Jayant Kumar Dash which is related to:a)Conversion of big Non-Banking Financial Companies (NBFCs) into banksb)Digital lendingc)Review Extant Ownership Guidelines and Corporate Structure for Indian Private Sector Banksd)None of the aboveCorrect answer is option 'B'. Can you explain this answer?.
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