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

September 4, 2021

India has been ranked at 3rd with 51 unicorns.

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.