RBI advisory panel on financial regulation
By The committee consisting | 21 Nov 2003
The committee consisting mainly of bankers and RBI officials will review of the current regulatory regime of the RBI with intention to simplify and enhance the internal control systems; to consider the existing regulatory practices on prudential norms and disclosure standards for banks and other entities regulated by RBI.
It will also recommend international best practices, consistent with India's needs, advise on changes needed in the regulatory framework and help analyse and harmonise regulatory and prudential norms for the various entities in the financial services sector, in alignment with prescriptions of other regulators.
The
committee will have as its Chairperson, Ms K.J. Udeshi,
Deputy Governor, Reserve Bank of India and as members,
Mr A.K. Purwar, Chairman, State Bank of India, Mr S.S.
Kohli, CMD, Punjab National Bank, Mr A.K. Batra of the
Securities & Exchange Board of India, Mr M. Damodaran,
acting CMD, Industrial Development Bank of India, Dr P.J.
Nayak, CMD, UTI Bank, Mr Niall S.K. Booker, CEO - India
Region, HSBC, Mr M.G. Bhide, Director, CRISIL, Dr N.L.
Mitra, Vice-Chancellor, National Law University of Jodhpur,
Mr G.K. Raman, Director, Sundaram Finance Ltd, Mr H.N.
Sinor, CEO & Secretary, IBA amongst others.
