1.

Shri K. Madhava Rao, IAS (Retd.)
Ex. Chief Secretary
Government of Andhra Pradesh
Hyderabad

Chairman

2.

Shri Y.H. Malegam
Director, Central Board, RBI
Chartered Accountant
S.B. Billimoria & Co.
Mumbai

Member

3.

Shri Subhash S.Lalla, IAS
Commissioner for Co-operation and
Registrar of Co-operative Societies
Government of Maharashtra
Pune

Member

4.

Dr Sawai Singh Sisodia
President
National Federation
Urban Co-operative Banks & Credit Societies
New Delhi

Member

5.

Dr Mukund L. Abhyankar
Director
The Cosmos Co-operative Bank Ltd.
Pune

Member

6.

Shri P.S. Vyas
Managing Director
Gujarat State Co-operative Bank Ltd
Ahmedabad

Member

7.

Shri M.M.S. Rekhrao
Chief General Manager
Urban Banks Department
Reserve Bank of India
Central Office
Mumbai

Member

8.

Shri O.P. Sharma
Chief General Manager
Urban Banks Department
Reserve Bank of India
Central Office
Mumbai

Member Secretary

(i)

To evolve objective criteria to determine the need and potential for organising urban co-operative banks; review the existing entry point norms and examine the relevance of special dispensation for less/least developed areas etc.

(ii)

To review the existing policy pertaining to branch licensing and area of operation of urban co-operative banks.

(iii)

To consider measures for determining the future set up of weak/unlicensed banks.

(iv)

To examine the feasibility of introducing capital adequacy norms for urban co-operative banks.

(v)

To examine the need for conversion of co-operative credit societies into primary co-operative banks.

(vi)

To suggest necessary legislative amendments to the Banking Regulation Act and Co-operative Societies Act of various states for strengthening the urban banking movement.