Prof thorat committee report on caste discrimination in aiims. Through the history and evolution of the nbfcs sector in india, there have been several committees acknowledging the role and importance of. Rbi places on its website draft guidelines based on usha. Committee on comprehensive financial services for small. Aug 30, 2011 rbi panel usha thorat committee wants tighter rules for nbfcs the reserve bank of india is on course to introduce new rules on provisioning, lending and capital for nonbanking finance companies, or nbfcs. The government constituted a committee headed by prof sk thorat to enquire into. Contents foreword p2 message from assocham p4 nbfc market context p6 alternative credit scoring p8 nbfc regulations p15 recent trends in funding sources for nbfcs p23. Foreword p2message from assocham p3analysing the revised regulatory framework for nbfcs p5 areas requiring consideration p23. Indian perspective on banking regulation address by mrs usha thorat, deputy governor of the reserve bank of india, at the international conference on financial sector regulation and reforms in asian emerging markets, jointly organised by the asian development bank institute, cornell university and. The reserve bank of india today placed on its website the report of the working group on the issues and concerns in the nbfc sector, chaired by smt. Read more about usha thorat, nachiket mor to head rbi panels for differentiated bank licenses on business standard. The commonly held view was that nbfcs would not be able. Group be constituted with experts to study the issues and concerns in the nbfc sector. The draft guidelines are based on recommendations made by the.
Here we have given the list of banking committees, which was an important study material for upcoming ibps poclerkrrb exams 201819. While looking for some key differences between banks and nbfcs, the nachiket mor committee in its report primarily based on financial inclusion batted for convergence between the two. At around that time, there was a clamor among nbfcs to apply for banking licenses. Many of the recommendations are similar to usha thorat committee 2012 like 2category simplification of nbfc categorization. Report summary report of the committee for restructuring of railway ministry and railway board the railway board had constituted a committee for mobilization of resources for major railway projects and restructuring of railway ministry and railway board chair. I authored the quantitative aptitude made easy book. Nbfcs are due for an overhaul if the draft guidelines based on usha thorat committee. Usha thorat, former deputy governor of the reserve bank of india rbi will chair the external advisory committee eac to evaluate applications received for small finance banks, while dr. Report of rbi working group on the issues and concerns in the nbfc sector. Latest current affairs and news current affairs today. As per the proposed guidelines which are based on the usha thorat committee report. Dec 12, 2012 usha thorat committee report on issues and concerns in nbfc sector in order to adopt a consultative approach, the reserve bank of india has, today, placed on its website, draft guidelines to address issues and concerns in the nbfc sector. This list will be helpful for your upcoming sbi and ibps banking exams. Usha thorat, director, centre for advanced financial research and learning cafral with shri sanjay labroo, director, central board, reserve bank of india.
Nbfcs are due for an overhaul if the draft guidelines based on usha thorat committee recommendations were to be implemented. Prior to this she was the executive director of the rbi. The report of the committee on comprehensive financial services for small businesses and lowincome households has been made possible only with the support and contributions of many individuals and organisations. Major indian nonbank finance companies stable, but strong headwinds remain outlook report rating outlook rising credit costs, elevated funding costs. Wardha committee vohra committee kelkar committee abid hussain narasimham omkar goswami yashpal committee ram nandan kelkar comm h r khan panel ramanujam committee justice mb shah deepak mohanty committee arvind mayaram committee nachiket mor committee p j nayak committee bibek debroy ml dantwala committee usha thorat panel. List of all major financial committees in india dear readers the indian government made many of committees which main goal and purpose is overall growth of our nation india. Firstly, high touch model for credit and collections will be augmented with surrogate digital data based analytical techniques. Latest list of reserve bank of india committees and heads. Usha thorat, deputy governor, reserve bank of india with the following terms of reference. Khan committee for harmonization of the role of financial institution in banks. Report of the usha thorat committee the reserve bank of india rbi released the report of the working group on the issues and concerns in the nbfc sector in august 2011. Sep 29, 2011 the cost of regulation, the committee has recommended that nbfcs having asset base of less than rs.
Through the history and evolution of the nbfcs sector in india, there have been several committees acknowledging the role and importance of nbfcs in india and their complimentary role to banks in. Nachiket mor, director, central board of the reserve bank. Is there a widening disconnect between the regulators and the markets perception of the nbfc crisis. Nbfcs in indias financial landscape 25th october 2017 sr no types of nbfcs activity 7 micro finance institution nbfcmfi extending credit to economically disadvantaged groups as well support micro, small and medium enterprises msmes. Indian ecomomy2 quality improvement programme government initiatives passage of the national waterways act, 2016. The lead bank scheme lbs was introduced by reserve bank in 1969 when designated banks were made key instruments for local development and entrusted with the responsibility of identifying growth centres, assessing deposit potential and. Accordingly, a working group wg was set up under the chairmanship of smt. Other members of the group were sanjay labroo, rajiv lall, bharat doshi, pratip kar and uma subramaniam member secretary. Jun 21, 2016 f riends, here is the latest list of various committees of the reserve bank of india rbi along with their heads and report submission dates. Aug 24, 2009 setting up of the high level committee. I am referring to the working group report on the issues and concerns in the nbfc sector chaired by smt. Usha thorat ex deputy governor of the reserve bank and in which there were participants from the industry 4 as well. Towards our efforts in exposing rampant castediscrimination that is prevalent against dalit and adivasi students, in countrys premier institutions, we are uploading prof thorat committees report on aiims, new delhi.
Important committees list 2017 pdf download all committees. Banking on nonbanking finance companies content list. Get our print stock pages as a pdf download daily in your inbox. Reported guidelines for regulating expenditure and content of advertisement in govt. Bd thakar committee for job criteria in bank loans approach a k khandelwal for hr issues of public sector banks.
F riends, here is the latest list of various committees of the reserve bank of india rbi along with their heads and report submission dates. Working group on the issues and concerns in the nbfc. Candidates who are preparing can download this in pdf. Usha thorat ex deputy governor of the reserve bank and in which there were participants from the industry as well. Committees in india related to banking exams download pdf. The committee would like to gratefully acknowledge this support. Pdf redesigning regulatory framework for nbfcs rahul. Ii government of india ministry of finance department of financial services report of the key advisory group kag on the nonbanking finance companies nbfcs. Iaip response to draft guidelines based on usha thorat. Rbi panel usha thorat committee wants tighter rules for. Usha thorat, director, centre for advanced financial research and learning cafral. If all the recom mendations in the rbi draft are ac cepted, the nbfc universe will see a. Usha thorat committee latest breaking news, pictures, videos, and special reports from the economic times.
I have been providing online courses and free study material for rbi grade b, nabard grade a, sebi grade a and specialist officer exams since 20. Rbi panel usha thorat committee wants tighter rules for nbfcs. The enactment of this act central legislation will pave way for the inclusion of 106. I am referring to the working group report on the issues and concerns in the nbfc sector chairedby smt. The committee was constituted on september 22, 2014 to prepare a. India ratings has maintained a stable outlook on the indian nonbank finance companies nbfc sector for 20. Usha thorat, born 20 february 1950 served as deputy governor of the reserve bank of india rbi indias central bank from 10 november 2005 to 8 november 2010. Draft guidelines based on usha thorat committee report on issues and concerns in nbfc sector the indian association of investment professionals 1 iaip is pleased to comment on the draft guidelines based on usha thorat committee report on issues and concerns in nbfc sector issued by the reserve bank of india. Non banking financial company nbfc industry analysis.
The reserve bank of india placed on its website the report of the working group on the issues and concerns in the nbfc sector, chaired by usha thorat. Banking and financial committees in india bankexamstoday. Working group on the issues and concerns in the nbfc sector. Rbi report 2011 issues and concerns in the nbfc sector. R hoc at glance nbfcafcs robust performance in the middle of a slowdown. Dec, 2017 list of all major financial committees in india dear readers the indian government made many of committees which main goal and purpose is overall growth of our nation india. Performance in 2012 and outlook for 2014 report and advances continue to constitute the largest share, followed by investments and hire purchase. As per latest draft guidelines proposed by the rbi, nonbanking financial companies nbfc would need its approval before making changes in their ownership control. Here is the list of major financial committees running by indian government. Rbi can focus on the nbfc crisis and a replacement for the feb 12 circular. Rbi panel usha thorat committee wants tighter rules for nbfcs the reserve bank of india is on course to introduce new rules on provisioning, lending and capital for nonbanking finance companies, or nbfcs. The thorat committee submitted its re port, and the rbi has now sent its draft guidelines based on it to the fi nance ministry. Indian perspective on banking regulation address by mrs usha thorat, deputy governor of the reserve bank of india, at the international conference on financial sector regulation and reforms in asian emerging markets, jointly organised by the asian. Report of the technical committee on mobile bankingb sambamurthy.