<p>The Reserve Bank has retained the three-member advisory committee it had appointed last month to assist the administrator of the crippled mortgage lender Dewan Housing Finance (DHFL), which is facing insolvency proceedings.</p>.<p>On November 22, the central bank had constituted a three-member advisory committee, comprising IDFC First Bank non-executive chairman Rajiv Lall, ICICI Prudential Life managing director NS Kannan and the chief executive of the Association of Mutual Funds in India NS Venkatesh to assist the DHFL administrator R Subramaniakumar.</p>.<p>Subramaniakumar is a former head of Indian Overseas Bank and the RBI had recommended his name as the resolution professional, which was approved by NCLT on Tuesday.</p>.<p>"Upon admission of the petition for insolvency resolution process by NCLT in respect of DHFL on December 3, we have decided that the above mentioned three-member committee shall continue as the advisory committee," the central bank said in a statement.</p>.<p>The committee will advise the administrator in the operations of DHFL during the insolvency resolution process, it added.</p>.<p>Meanwhile, DHFL in a filing to exchanges said the administrator has appointed Sunil Kumar Bansal as the chief financial officer with immediate effect.</p>.<p>Bansal is a chartered accountant with experience in banking and insurance. </p>
<p>The Reserve Bank has retained the three-member advisory committee it had appointed last month to assist the administrator of the crippled mortgage lender Dewan Housing Finance (DHFL), which is facing insolvency proceedings.</p>.<p>On November 22, the central bank had constituted a three-member advisory committee, comprising IDFC First Bank non-executive chairman Rajiv Lall, ICICI Prudential Life managing director NS Kannan and the chief executive of the Association of Mutual Funds in India NS Venkatesh to assist the DHFL administrator R Subramaniakumar.</p>.<p>Subramaniakumar is a former head of Indian Overseas Bank and the RBI had recommended his name as the resolution professional, which was approved by NCLT on Tuesday.</p>.<p>"Upon admission of the petition for insolvency resolution process by NCLT in respect of DHFL on December 3, we have decided that the above mentioned three-member committee shall continue as the advisory committee," the central bank said in a statement.</p>.<p>The committee will advise the administrator in the operations of DHFL during the insolvency resolution process, it added.</p>.<p>Meanwhile, DHFL in a filing to exchanges said the administrator has appointed Sunil Kumar Bansal as the chief financial officer with immediate effect.</p>.<p>Bansal is a chartered accountant with experience in banking and insurance. </p>