Gautam Thakur, the young Chairman of India’s leading urban cooperative bank– Saraswat Bank has been nominated to a Select Committee of Reserve Bank of India (RBI) as an Advisor Member.
The Reserve Bank of India has set up the second Regulations Review Authority to review the regulatory prescriptions internally as well as by seeking suggestions from the RBI regulated entities and other stakeholders on their simplification and ease of implementation.
Thakur is the lone representative from the UCB fraternity. The RRA, as it is called, consists of who’s who of banking sector as its members. The Committee which is to be headed by S. Janakiraman, MD of State Bank of India would initially function for a period of one year from May 01, 2021.