Friday, 28 July 2017

RBI sets up Supervisory Colleges for six Scheduled Commercial Banks which have sizeable international presence

Reserve Bank of India (RBI) has informed that Supervisory Colleges have been setup for the following six Scheduled Commercial Banks which have sizeable international presence:- 

State Bank of India, ICICI Bank Ltd., Bank of India, Bank of Baroda, Axis Bank Ltd. and Punjab National Bank. 

The objectives of the colleges are 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. 

This was stated by Shri Santosh Kumar Gangwar, Minister of State for Finance in written reply to a question in Lok Sabha today. 



Courtesy: pib.nic.in

No comments:

Prime Minister to visit 2 States & 2 Union Territories over the next two days

The Prime Minister, Shri Narendra Modi will embark on a visit to two states: Gujarat and Tamil Nadu; and two Union Territories: Daman &...