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The Reserve Bank of India today announced the names of the members of the Standing External Advisory Committee (SEAC) for evaluating applications for Universal Banks as well as Small Finance Banks. The composition of SEAC is: 1. Smt. Shyamala Gopinath, former Deputy Governor, Reserve Bank of India Chairperson 2. Ms. Revathy Iyer, Director, Central Board, Reserve Bank of India Member 3. Shri B. Mahapatra, former Executiv
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FAQ :
The SEAC, or Standing External Advisory Committee, is a group formed by the Reserve Bank of India to evaluate applications for Universal Banks and Small Finance Banks.
Smt. Shyamala Gopinath, a former Deputy Governor of the Reserve Bank of India, chairs the SEAC.
The tenure of this SEAC will be for three years.
The SEAC will evaluate applications for both Universal Banks and Small Finance Banks.
Applications for Universal Banks and Small Finance Banks will be initially screened by the Reserve Bank to ensure they meet prima facie eligibility criteria.
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