Reserve Bank of India Act 1934 Current Affairs, GK & News

RBI sets up Committee to assist RRA 2.0

The Reserve Bank of India recently constituted a Committee under the Managing Director S Janaki Raman. The committee is to assist the second Regulatory Review Authority. About the Committee The committee will assist the authority to identify areas, guidelines, regulations and returns. It will submit reports periodically to RRA that will provide suggestions and recommendations. ..

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Piramal group to takeover the DHFL

The Reserve Bank of India has approved the takeover of Dewan Housing Finance Corporation Ltd (DHFL) by Piramal Group on February 18, 2021. Highlights The decision was taken by RBI after a month a Committee of Creditors of DHFL voted in favor of Piramal’s bid. The bid got the 94 per cent votes. Following this, the resolution plan of the company ..

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