Home >Industry >RBI appoints Ravi Narain as member of external advisory committee
Small finance banks will provide savings products and credit to small businesses, and small and marginal farmers. Photo: Bloomberg
Small finance banks will provide savings products and credit to small businesses, and small and marginal farmers. Photo: Bloomberg

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

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.​

Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.

Click here to read the Mint ePaperMint is now on Telegram. Join Mint channel in your Telegram and stay updated with the latest business news.

Close
×
My Reads Redeem a Gift Card Logout