To supervise and regulate commercial banks and NBFCs
The Reserve Bank of India’s Central Board has decided to create a specialised supervisory and regulatory cadre.
The cadre is being created with a view to strengthening the supervision and regulation of commercial banks, urban cooperative banks and non-banking financial companies, the RBI said in a statement.
On Tuesday, the Central Board, in its 576th meeting in Chennai chaired by RBI Governor Shaktikanta Das, reviewed the current economic situation, global and domestic challenges and various areas of operations of the Reserve Bank.
Other matters discussed included issues related to currency management and the banker to government functions of the RBI.
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