Updated Feb 15, 2021 | 19:35 IST
RBI had first announced that it will be setting up the expert committee as part of the monetary policy statement on February 5, to provide a medium-term road map to strengthen the sector. Representational Image | Photo Credit: IANS
Key Highlights
Former RBI Deputy Governor NS Vishwanathan has been appointed as the Chairman of the committee
The committee has been directed to submit its report within three months from the date of its first meeting
The Reserve Bank of India (RBI) said on Monday that it is has constituted an expert committee on Urban Co-operative Banks (UCBs) in a bid to strengthen and examine the issues within the sector. Former RBI Deputy Governor NS Vishwanathan will be the chairman of the eight-member committee, said RBI in a press