With frauds in digital lending space coming into sharp focus, the Reserve Bank of India has set up a working group to study digital lending activities of the regulated and unregulated players. The group will suggest steps to regulate digital lending including online lending platform and mobile lending. The recent spurt and popularity of online lending platforms/mobile lending apps have raised certain serious concerns which have wider systemic implications, RBI said in statement. The six-member panel comprised of four RBI internal and two external members is expected to submit its report within three months. Jayant Kumar Dash, Executive Director, RBI will be chairman of the group. Other three internal members are Ajay Kumar Choudhary, Chief General Manager-in-Charge, Department of Supervision, P Vasudevan, Chief General Manager, Department of Payment and Settlement Systems, RBI and Manoranjan Mishra, Chief General Manager, Department of Regulation. Mishra will be act as Member Se
Representative Image
RBI sets up Working Group to study all aspects of digital lending activities in regulated, unregulated financial sector ANI | Updated: Jan 13, 2021 18:01 IST
New Delhi [India], January 13 (ANI): Reserve Bank of India (RBI) has set up a Working Group to study all aspects of digital lending activities in the regulated financial sector as well as by unregulated players so that an appropriate regulatory approach can be put in place.
The Working Group will consist of both internal and external members, said RBI in a statement on Wednesday.
The internal members include Jayant Kumar Dash, Executive Director, RBI (Chairman), Ajay Kumar Choudhary, Chief General Manager-in-Charge, Department of Supervision, RBI, P. Vasudevan, Chief General Manager, Department of Payment and Settlement Systems, RBI, Manoranjan Mishra, Chief General Manager, Department of Regulation, RBI (Member Secretary).
Subramanian, Ratho, Jain made RBI EDs
Updated:
Updated:
Share Article
AAA
The Reserve Bank of India has appointed three of its senior officials R. Subramanian, R.S. Ratho and Rohit Jain as executive directors with effect from December 11.
Mr. Subramanian, who was Chief General Manager-in-Charge, Enforcement Department, will oversee the key departments of Foreign Exchange, Financial Markets Regulation, Internal Debt Management and International, the RBI said in a release.
Mr. Ratho, who was CGM Financial Markets Operations, will look after the same department as well as External Investments and Operations, Legal and Secretary’s Department.
Mr. Jain will oversee Supervision (Risk, Analytics and Vulnerability Assessment) after having been CGM-in-charge, Supervision.
R Subramanian, RS Ratho and Rohit Jain have been appointed as executive directors of RBI
PTI | December 12, 2020 | Updated 20:11 IST
Reserve Bank of India (RBI)
The Reserve Bank has appointed R Subramanian, RS Ratho and Rohit Jain as executive directors.
In the new role, Subramanian will look after foreign exchange department, financial markets regulation department, internal debt management and international department, a statement from RBI said.
Prior to being promoted as executive director, he was Chief General Manager-in-Charge, Enforcement Department.
RBI said Ratho will look after financial markets operations department, department of external investments and operations, legal department and secretary s department. Before this promotion, Ratho was Chief General Manager, Financial Markets Operations Department.
RBI Appoints Three New Executive Directors outlookindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from outlookindia.com Daily Mail and Mail on Sunday newspapers.