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Question

RBI recently constituted a working group chaired by Jayant Kumar Dash which is related to

A Digital lending
B Conversion of big Non-Banking Financial Companies (NBFCs) into banks
C Review Extant Ownership Guidelines and Corporate Structure for Indian Private Sector Banks
D None of these
Answer & Explanation
Option: Digital lending

Explanation:

The Reserve Bank of India (RBI) has constituted a working group on digital lending including online platforms and mobile apps to study all aspects of digital lending activities in the regulated financial sector as well as by unregulated players. The working group consists of both internal and external members and is chaired by Jayant Kumar Dash, Executive Director, RBI.
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