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Question

On which committee's recommendations, the Reserve Bank of India (RBI) will set up Public Credit Registry (PCR) to check loan defaults?

A
Viral Acharya committee
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B
YM Deosthalee committee
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C
Antia Gandhi committee
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D
K S Jain committee
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Solution

The correct option is C YM Deosthalee committee
In a bid to check loan defaults, the Reserve Bank of India (RBI) has considered the recommendations of YM Deosthalee-headed High-Level Task Force and will set up a Public Credit Registry (PCR) in a modular and phased manner.

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