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Context: Reserve Bank of India has issued guidelines for appointment of Chief Compliance Officer (CCO) in banks to ensure uniform approach with regard to compliance and risk management culture across the banking industry.
Chief Compliance Officer
https://indianexpress.com/article/business/banking-and-finance/banks-directed-to-appoint-chief-compliance-officer-6592597/
Government has constituted a three member expert committee to assist in the assessment of relief to bank borrowers.
Context: The committee chaired by former CAG Rajiv Mehrishi will measure the impact on the national economy and financial stability of waiving of interest and COVID-19 related moratorium.
About Rajiv Mehrishi committee:
http://newsonair.com/News?title=Govt-forms-three-member-expert-panel-to-assist-in-assessment-of-relief-to-bank
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