RBI Fully Operationalizes ‘College Of Supervisors’

• 09 Jan 2021

The Reserve Bank of India (RBI) is now fully operationalising a College of Supervisors (CoS) to further strengthen supervision over regulated entities.

Objective of CoS

• To augment and reinforce supervisory skills among its regulatory and supervisory staff both at entry level and on a continuous basis.
• To facilitate the development of unified and focused supervision by providing training and other developmental inputs to the concerned staff.

Composition of the CoS

• The CoS will be headed by former deputy governor of RBI, N S Viswanathan and will have five other members.
• The CoS will have a full-time Director supported by an Academic Advisory Council (AAC).Rabi Narayan Mishra, former Executive Director, RBI, has been appointed as the Director of CoS.

Function of AAC

• The AAC will identify areas where skill building/up-skilling is required, plan and develop curricula of all programmes, benchmark the programmes with international standards/best practices, develop appropriate teaching methods, etc.