MR
Umarji, chief legal advisor at IBA, is set to complete his term in
March this year. But finance ministry is keen that Umarji gets an
extension since he is a hands-on person on banking laws. Also, finmin
would want to gain from Umarji’s expertise, given that the government
would like to pass as many reforms before the next election. A former
RBI ED and framed Sarfaesi Act, he also helped RBI in drafting the
recently-amended Banking Regulation Act.
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