A high-level panel chaired by former RBI Governor Bimal Jalan that will scrutinise applications for new bank licences will hold its first meeting on November 1. Other members of the high-level advisory committee (HLAC) are former RBI Deputy Governor Usha Thorat, former Securities and Exchange Board of India Chairman C B Bhave, and Nachiket M Mor, director of the Central Board of Directors of RBI, Governor Raghuram Rajan said. The committee will hold its first meeting on November 1, Rajan said today in the RBI's Second Quarter Review of Monetary............
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