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Shymala Gopinath committee
March 27 , 2021
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- The Reserve Bank of India (RBI) had set up a standing external advisory committee.
- This will evaluate applications for universal banks and small finance banks (SFBs).
- The committee has five members, with former RBI deputy governor Shyamala Gopinath as the chairperson.
- The panel will have a tenure of three years.
- According to guidelines, applications for universal banks and SFBs will first be evaluated by the RBI to ensure prima facie eligibility of the applicants.
- After that the newly formed committee will evaluate the applications.
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