RBI forms committee to help with managing DHFL

The Reserve Bank of India (RBI) has formed a three-member advisory committee comprising Rajiv Lall, non-executive chairman, IDFC First Bank Ltd., N. S. Kannan, MD and CEO, ICICI Prudential Life Insurance Co. Ltd. and N.S. Venkatesh, CEO, Association of Mutual Funds in India to assist in the administration of Dewan Housing Finance Corporation Ltd. It had appointed former MD and CEO of Indian Overseas Bank R. Subramaniakumar as the Administrator.