Reserve Bank of India sets up Supervisory Colleges for six Scheduled Commercial Banks

Posted on:29 Jul 2017 13:56:41
Reserve Bank of India sets up Supervisory Colleges for six Scheduled Commercial Banks
29 July 2017 Current Affairs: Reserve Bank of India (RBI) has set up Supervisory Colleges for six Scheduled Commercial Banks which have a sizeable international presence: - State Bank of India, ICICI Bank Ltd., Bank of India, Bank of Baroda, Axis Bank Ltd. and Punjab National Bank.

The main objectives of the colleges to enhance information exchange and cooperation among supervisors, to improve understanding of the risk profile of the banking group and thereby facilitate more effective supervision of internationally active banks.

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