• The Reserve Bank of India (RBI) has constituted a five-member Internal Working Group (IWG) to review the extant guidelines related to ownership, governance and corporate structure of private sector banks.
• The committee will be headed by Dr. Prasanna Kumar Mohanty, Director, Central Board of RBI. It will submit its report by 30 September, 2020.

Other members of the committee are:

• Prof. Sachin Chaturvedi, Director Central Board of RBI
• Smt. Lily Vadera, Executive Director, RBI
• Shri S. C. Murmu, Executive Director, RBI
• Shri Shrimohan Yadav, Chief General Manager, RBI – Convenor