RBI to set up panel to study status of household finance

Posted on:04 Aug 2016 18:34:44

RBI to set up panel to study status of household finance
04 August 2016 Current Affairs: The Reserve Bank of India (RBI) has formed a committee to study the state of household finance in India to evaluate future demand for financial products.

In a statement on its website on Thursday, RBI said the committee will be chaired by Tarun Ramadorai, a professor of financial economics from the University of Oxford, and will have representation from financial sector regulators, namely the Securities and Exchange Board of India (Sebi), Insurance Regulatory and Development Authority of India (IRDAI) and Pension Fund Regulatory and Development Authority (PFRDA), apart from RBI.

The committee will analyse household financial markets in India with other major world markets to identify areas of priority for growth and change. It will evaluate Indian household demand in formal financial market over the coming decade. It will also understand that how and why the financial allocation of Indian households deviate from desirable financial allocation and behaviour.

The committee will also work on designing new systems and redesign of existing systems of incentives and regulations to encourage and enable better participation by Indian households in the formal financial markets.

 


Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs July 2017

20 JULY
NEWS
19 JULY
NEWS
18 JULY
NEWS
17 JULY
NEWS

Current Affairs June 2017

30 JUNE
NEWS
29 JUNE
NEWS
28 JUNE
NEWS
27 JUNE
NEWS

Current Affairs May 2017

31 MAY
NEWS
30 MAY
NEWS
29 MAY
NEWS
27 MAY
NEWS