RBI has constituted how many member committee to review the applications received for new umbrella unit license?

A. 2 Member

B. 3 Member

C. 4 Member

D. 5 Member

Explanation

Reserve Bank of India has recently constituted a 5-member committee to review the applications received for new umbrella unit license. It will be headed by RBI Chief General Manager P. Vasudevan. These new umbrella units are for-profit units that will be set up to manage payments in the retail sector.

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