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Which Bank has appointed Vikramaditya Singh Khichi to a panel to advise the administrator of debt-ridden Reliance Capital (RCap)?
A)
State Bank of India
B)
Union Bank of India
C)
Reserve Bank of India
D)
Asian Development Bank

Correct Answer :   Reserve Bank of India


The Reserve Bank of India (RBI) appointed Vikramaditya Singh Khichi to a panel to advise the administrator of debt-ridden Reliance Capital (RCap).

* Khichi, former executive director of Bank of Baroda, has been appointed to Reliance Capital’s advisory committee following the resignation of Srinivasan Varadarajan from the panel.

* The RBI on December 7, 2021, constituted an advisory committee to advise the administrator in the operations of the financial service providers during the corporate insolvency resolution process of RCap.

* RCap was planning to challenge the verdict of the National Company Law Tribunal (NCLT) that ruled Torrent Investment as the highest bidder for the firm in the Supreme Court.

* Consequent upon the resignation of Shri Srinivasan Varadarajan from the Advisory Committee with effect from February 17, 2023, it has been decided to appoint Shri Vikramaditya Singh Khichi as a member of the Advisory Committee with immediate effect..

Source : Money Control

Published On : February 22, 2023
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