Nachiket mor Committee: To check the applications for a payments bank licenses

Q.  Nachiket mor Committee is related to
- Published on 11 Jul 15

a. Monetary Policy Reform
b. Relation between RBI and scheduled banks
c. To recommend FDI in banking sector
d. To check the applications for a payments bank licenses

ANSWER: To check the applications for a payments bank licenses
 
The external advisory committee headed by Nachiket Mor, set up to vet the applications for a payments bank license, has given its report to the Reserve Bank of India (RBI).

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