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Who will chair the committee set up by International Financial Services Centres Authority (IFSCA) for creating a framework for the transfer of stressed loans from domestic lenders to financial institutions?
H R Nagendra
C K Mishra
Correct Option is G Padmanabhan
Solution:IFSCA set up committee for creating a framework for the transfer of stressed loans: headed by G Padmanabhan International Financial Services Centres Authority (IFSCA) set up a committee for creating a framework for the transfer of stressed loans from domestic lenders to financial institutions. Former executive director of Reserve Bank of India G Padmanabhan will chair the committee along with expertise in banking and legal firms. The committee examines the provisions of the RBI directions that require further clarification for transferring stressed loans, for identifying areas or issues of the directions from RBI.
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