Explanation:

• The Reserve Bank of India (RBI) has set up a working group to study digital lending activities of the regulated and unregulated players, due to the growing instances of frauds in digital lending space.
• The six-member panel comprises of following four RBI internal and two external members:

1. Jayant Kumar Dash, Executive Director, RBI (Chairman)
2. Ajay Kumar Choudhary, Chief General Manager-in-Charge, Department of Supervision (Member)
3. P Vasudevan, Chief General Manager, Department of Payment and Settlement Systems, RBI (Member)
4. Manoranjan Mishra, Chief General Manager, Department of Regulation (Member Secretary)
5. Vikram Mehta, Co-founder, Monexo Fintech (External Member)
6. Rahul Sasi, Cyber Security Expert & Founder of CloudSEK (External Member)