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RBI fast-tracks DHFL resolution, appoints advisory committee to assist administrator

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The Reserve Bank of India (RBI) on Friday appointed a three-member advisory committee to assist R Subramaniakumar, the former Managing Director and CEO of Indian Overseas Bank who recently took over the administrator for Dewan Housing Finance Corporation Ltd (DHFL). The committee has Rajiv Lall, Non-Executive Chairman of IDFC First Bank Ltd, N S Kannan, Managing Director and CEO of ICICI Prudential Life Insurance Co Ltd, and N S Venkatesh, CEO of the Association of Mutual Funds in India.

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