Current Affairs · Banking Regulation & RBI Directions
The Reserve Bank of India issued a framework to rationalize enforcement actions regarding monetary penalties and compounding of offences under the Payment and Settlement Systems (PSS) Act, 2007. Which one of the following combinations correctly reflects the composition of the designated authority at the Central Enforcement Department and the Regional Enforcement Offices, respectively?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A Committee of three Executive Directors; A Committee comprising the Regional Director and two senior officers✓
- 2A Committee of three Deputy Governors; A Committee comprising the Regional Director and two independent external members
- 3A Committee of two Executive Directors and one Independent Director; A Committee of three senior regional officers
- 4A Committee of the Governor and two Deputy Governors; A Committee comprising the Regional Director and one Executive Director
Correct answer
A Committee of three Executive Directors; A Committee comprising the Regional Director and two senior officers
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