RBI has set up a committee for development of housing finance securitisation market, headed by?
Harsh Vardhan
RBI Committee on Housing Finance Securitisation
The question asks about the head of the committee set up by the Reserve Bank of India (RBI) for the development of the housing finance securitisation market in India.
The RBI periodically sets up expert committees to study and provide recommendations on various aspects of the financial sector. The development of a robust securitisation market, particularly for housing finance, is considered important for deepening the financial markets and improving liquidity for housing finance companies.
The specific committee mentioned in the question was constituted by the RBI with the objective of reviewing the existing state of the housing finance securitisation market and suggesting measures for its development.
Based on the available information, the committee for the development of the housing finance securitisation market set up by the RBI was headed by Dr. Harsh Vardhan. Dr. Harsh Vardhan is a former Executive Director of the RBI.
Therefore, the correct head of this particular committee is Harsh Vardhan.
Let's look at the options provided:
- Sri Rajan
- Harsh Vardhan
- Suresh Nag
- Rahul Gupta
- None of these
Comparing this with the information that Dr. Harsh Vardhan headed the committee, the option containing "Harsh Vardhan" is the correct one.
Understanding who heads such committees is important as it indicates the expertise and focus of the committee's work. Such committees play a crucial role in shaping regulations and developing financial markets.
Important Questions from Banking Committees and Recommendations
The Securities and Exchange Board of India (SEBI) has recently constituted a committee on Social Stock Exchanges (SSE) under the chairmanship of ______.
Which of the following is NOT a qualitative characteristic that accounting should possess to be useful in decision making?
Read the Assertion and Reasoning and select the correct option.
Assertion (A): The Reserve Bank of India is the apex organisation in the Indian money market.
Reasoning (R): In April, 1988, it set up the Discount and Finance House of India (DFHI) to perform the function of stablising the money market in India.
Which committee was appointed to give a detailed report on the Non Performing Assets of public sector banks?
Who was the chairman of the committee formed to examine the applications for new bank licenses?
