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Banking - General Knowledge Questions
Recently, RBI has given its nod to which bank to form a special committee of directors in order to oversee the operations?
A)
Yes Bank
B)
Ujjivan Small Finance Bank
C)
IDFC First Bank
D)
Equitas Small Finance Bank

Correct Answer :   Ujjivan Small Finance Bank

Reserve Bank of India has given its approval to the Ujjivan Small Finance Bank (SFB) to form a special committee of directors so that they can oversee the operations in absence of a CEO and MD. This Special Committee of Directors will comprise of three independent directors as its members. This committee will oversee the operations and administration of the bank in effect from September 16.

Published On : September 18, 2021
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