Government has constituted a three-member expert committee to assist in the assessment of relief to bank borrowers. The committee will submit its report within one week.
The Expert Committee will have the following as its members –
Shri Rajiv Mehrishi, former CAG of India - Chairperson
Dr Ravindra H. Dholakia, former Professor, IIM Ahmedabad & ex- Member, Monetary Policy Committee of Reserve Bank of India
Shri B. Sriram, Former Managing Director, State Bank of India & IDBI Bank
The terms of reference of the committee shall be as under:
Measuring the impact on the national economy and financial stability of waiving of interest and waiving of interest on the COVID-19 related moratorium.
Suggestions to mitigate financial constraints of various sections of society in this respect and measures to be adopted in this regard.