Friday, 23 June 2017

RBI reconstitutes Overseeing Committee on stressed assets

The Reserve Bank of India (RBI) on Thursday said it has reconstituted the "Overseeing Committee (OC)" formed to look at the stressed assets of the banking sector. "The OC will, for the present, have five members, including a chairman, and will work through multiple benches as may be necessary and constituted by the Chairman to opine on the cases referred to it by the banks,". Further, the apex bank named Pradeep Kumar as Chairman of its reconstituted OC, whose members will take charge from September 7. The OC's other members are financial experts Janki Ballabh, M.B.N. Rao, Y.M. Deosthalee and S. Raman.

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