The panel, chaired by N K Sodhi, the former chief justice of the high courts of Karnataka and Kerala, makes its recommendations to Sebi on such applications after which the regulator allows concerned parties before passing an order.
India has been ranked at 51st position in terms of money parked by its citizens and enterprises with a Swiss bank in 2020, as per the data released by Swiss National Bank.
The RBI has approved Centrum Financial Services Limited which will take over the Punjab & Maharashtra Co-operative Bank Ltd., Mumbai (PMC), and re-launch it as a Small Finance Bank.
EXAMIANS