RBI's Recent Working Committees and Groups, Areas they Focused on

Friends, in this post we shall discuss about the recent working groups and committees appointed by the Reserve Bank of India (RBI). This list is very important for upcoming IBPS and RBI Banking Exams. Before going into details, lets have a look at the basic details of these committees. A Committee is nothing but a group of people which is appointed or elected by the Reserve Bank of India (RBI) to  perform a function, such as investigating, considering, reporting, or acting on a specific matter. Usually RBI sets up committees before going to introduce any new plan / to check how the present plans are working. These committees will be headed by senior RBI officials and in most of the times we refer these committees with the name of these heads (like Narasimhan Committee, V. K. Sharma Committee, Ramachandran Committee etc). Now lets have a look at the detailed list of committees along with the year they set up and their primary focused area.

 

List of Committees and Groups Related to Banking and Finance by RBI

 

Head of the Committee	Year	Their Focus Area
S. R. Mittal	2001	Internet Banking
Dr. N. L. Mitra	2001	Legal Aspects of Bank Frauds
M. R. Ramesh	2002	Guidelines on STRIPS (Separately Traded Registered Interest and Principal of Securities)
A. L. Narasimhan	2002	Payment Systems
C. Ramachandran	2003	Ways and Means Advances to State Govts
Dr. Barman	2003	Cheque Truncation and E-Cheques
Vepa Kamesam	2003	Micro Finance
Smt. Usha Thorat	2003	Instruments of Sterilization
G. Padmanabhan	2003	Rupee Interest Rate Derivatives
Tarapore	2004	Procedures and Performance Audit on Public Services
N. Sadasivan	2004	Development Financial Institutions
A. V. Sardesai	2005	Internal Working Group on RRBs
H.R. Khan	2005	Issues of Rural Credit and Micro Finance
C. P. Swarnkar	2007	Procedures and Processes of Agricultural Loans
Dr. K. C. Chakrabarty	2008	Rehabilitation of Sick SMEs
V. K. Sharma	2008	Interest Rate Futures
G. Srinivasan	2008	Technology Up gradation of RRBs
Dr. C. Rangarajan	2009	Estimation of Savings and Investment
Dr. Rakesh Mohan	2009	Financial Sector Assessment
Usha Thorat	2009	Procedures for Currency Distribution
P. Vijaya Bhaskar Rao	2009	Review the Business Correspondent Model
Usha Thorat	2009	Review Lead Bank Scheme
Deepak Mohanty	2009	Benchmark Prime Lending Rate (BPLR)
P. Vijaya Bhaskar Rao	2009	Branch Authorization Policy
Dr. K. C. Chakrabarty	2009	CRAR of RRBs
V. K. Sharma	2010	Review of the Credit Guarantee Scheme of the Credit Guarantee Fund Trust for Micro and Small Enterprises
Deepak Mohanty	2010	Balance of Payments Manual for India
G. Gopala Krishna	2011	Information Security, Electronic Banking, Technology Risk Management, Cyber Frauds
Dr. K. C. Chakrabarty	2011-2017	Information Technology Vision Document
Deepak Monanty	2011	Operating Procedure of Monetary Policy
Shyamala Gopinath	2011	Financial Holding Company Structure in India
M. Damodaran	2011	Customer Service in Banks
K. J. Udeshi	2011	To Review the Facilities for FEMA Act, 1999
Usha THorat	2011	The Issues and Concerns in the NBFC Sector
Y. H. Malegan	2011	Licensing of New Urban Co-operative Banks
G. Padmanabhan	2013	To Boost Bank Finance for Exports
Suma Varma	2013	Working Group to Review Ombudsman Scheme