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Saturday, 29 July 2017

RBI sets up Supervisory Colleges for six Scheduled Commercial Banks


Reserve Bank of India (RBI) has set up Supervisory Colleges for 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. 

Important Takeaways from Above News-
  • The governor of RBI is Urjit R Patel.
Source- Business Standard

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