BANKING - 2019 May

May 23

The RBI took a decision to create a Specialised Supervisory and Regulatory Cadre within the RBI was taken at the recent two-day meeting of Reserve Bank of India’ Central Board under the chairmanship of RBI Governor Shaktikanta Das in Chennai. In the boards 576th meeting the cadre creation came with a view of strengthening the supervision and regulation of commercial banks, urban cooperative banks and Non-Banking Financial Companies (NBFCs). The decision for creating an additional oversight mechanism was taken in the wake of recent NBFC crisis.