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To Bolster Regulation of Banks & NBFCs, RBI to Set up Supervisory Body

May 23, 2019

To Bolster Regulation of Banks & NBFCs, RBI to Set up Supervisory Body

In a bid to improve the regulation and supervision of banks and non-banking financial companies (NBFCs), the Reserve Bank of India (RBI) is looking to establish a specialized cadre. The decision for the same was taken at a meeting that was chaired by central bank governor Shaktikanta Das. Some other issues that were discussed at the meeting include the Medium-Term Strategy document which covers the vision and mission statements, currency management, banker to government functions of the RBI, etc.

Photo credit: joegoauk73 on Visualhunt.com / CC BY-SA

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