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Business News/ Industry / RBI appoints Ravi Narain as member of external advisory committee
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RBI appoints Ravi Narain as member of external advisory committee

Narain replaces M.S. Sahoo, who has opted out of the committee after he was appointed a member of CCI

Small finance banks will provide savings products and credit to small businesses, and small and marginal farmers. Photo: BloombergPremium
Small finance banks will provide savings products and credit to small businesses, and small and marginal farmers. Photo: Bloomberg

Mumbai: The Reserve Bank of India (RBI) has appointed Ravi Narain, vice-chairman at National Stock Exchange (NSE), as a member of the external advisory committee to evaluate applications for small finance banks.

Narain replaces M. S. Sahoo, who has opted out of the committee after he was appointed a member of the Competition Commission of India (CCI), the central bank said.

Small finance banks will provide savings products and credit to small businesses, and small and marginal farmers. Seventy two firms had applied to the RBI to start small banks, the central bank had said in February.​

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Published: 21 Apr 2015, 10:08 PM IST
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