The Reserve Bank of India has formed a new external committee, led by former deputy governor MK Jain, to evaluate applications for universal and small finance banks. Initial screening by the central bank will ensure eligibility, followed by the committee’s assessment. This committee succeeds the one led by Shyama Gopinath, with members like Revathy Iyer and Hemant G Contractor.
Gold prices fall on profit-booking
Gold prices in Kolkata experienced a nearly 3% drop, falling to ₹88,401 per 10 gm, triggering a surge in demand from wedding shoppers and bullion
April 8, 2025