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Who headed the committee to evaluate the license applications for Payment banks?

  • A.C Rangarajan
  • B.Usha Thorat
  • C.Nachiket Mor
  • D.B S Mehta

Answer: C

Correct answer: Nachiket Mor

The external advisory committee that evaluated the payments bank licence applications was chaired by Nachiket Mor, then a member of the Reserve Bank’s central board - the same person whose committee had proposed the differentiated licence in the first place. The committee screened 41 applications and recommended the eleven that received in-principle approval in August 2015.

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