RBI to Create Regulatory Cadre

  • On 21st May, 2019, the Reserve Bank of India (RBI) approved creating a specialized supervisory and regulatory structure for commercial banks, urban cooperative banks and non-banking financial companies (NBFCs).
  • This move will involve consolidating the different supervisory and regulatory activities and resources under a separate division, and also hiring external experts for the function.

Reasons for Such Action

  • Better Regulations & Supervisions: With a view to strengthening the supervision and regulation of commercial banks, urban cooperative banks and non-banking financial companies, the board decided to create a specialized supervisory and regulatory cadre within the RBI.
  • Avoid Liquidity Crisis: RBI’s move comes ....
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