This commission volition expect into the reasons for high departure observed inwards property classification too provisioning yesteryear banks vis-à-vis the RBI’s supervisory assessment. Will propose the steps needed to forestall it; factors leading to an increasing incidence of frauds inwards banks too the measures (including information technology interventions) needed to curb too forestall it; too the purpose too effectiveness of diverse types of audits conducted inwards banks inwards mitigating the incidence of such departure too frauds.
- Chairman of this Committee : Y H Malegam, Former fellow member of the Central Board of Directors of RBI
- Other Members of the Committee :
- Bharat Doshi, Member, Central Board of Directors, RBI
- S Raman, old Chairman too Managing Director, Canara Bank too old Whole-Time Member, SEBI
- Nandkumar Saravade, Chief Executive Officer, Reserve Bank Information Technology Pvt Ltd (ReBIT)
- Member-Secretary : A K Misra, Executive Director, RBI