RBI Committee on UCBs established under Deputy Governor R. Gandhi

Q.  RBI has constituted a High Powered Committee under the Chairmanship of Deputy Governor to re-examine and recommend appropriate set of businesses, size, conversion and licensing terms for the Urban Cooperative Banking Sector. Name the Deputy Governor of RBI?
- Published on 23 Jan 15

a. Dr. Urjit R Patel
b. Shri R Gandhi
c. Shri S S Mundra
d. None of these.

ANSWER: Shri R Gandhi
The committee will examine the line of businesses that UCBs may be permitted to undertake and their benchmark in terms of size of business, capital requirement, regulatory regime etc. It will also suggest the appropriate size up to which a UCB may be able to grow without undue risk to the system. The committee will further suggest the criteria for allowing voluntary conversion by a UCB. RBI has also asked the committee to examine whether the time is opportune to give license to new UCBs.

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