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RBI announces expert committee on primary urban cooperative banks, to be chaired by NS Vishwanathan

It will also review the current regulatory/supervisory approach and recommend suitable measures to strengthen the sector, taking into account recent amendments to the Banking Regulation Act, 1949.The Reserve Bank of India (RBI) on Monday announced the setting up of an expert committee on regulation of primary urban cooperative banks (UCBs). The eight-member committee will be chaired by former RBI deputy governor NS Vishwanathan.The other members are former chairman of National Bank for Agriculture and Rural Development (Nabard) Harsh Kumar Bhanwala, chartered accountant Mukund M Chitale, former bureaucrats NC Muniyappa and RN Joshi, IIM Bangalore professor MS Sriram, National Federation of…

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