Punjab National Bank fraud Current Affairs, GK & News

RBI to create Specialised Supervisory and Regulatory Cadre

The Reserve Bank of India has decided to create a specialised supervisory and regulatory cadre for strengthening the supervision and regulation of commercial banks, urban cooperative banks and Non-Banking Financial Companies. Why the Specialised Cadre? There were criticisms against the central bank that the RBI was lax in the supervisory functions, especially in timely detection ..

Topics: asset quality • commercial banks • Credit rating agencies • ICICI Bank loan issue • IL&FS defaults • liquidity issues in the NBFC • Non-Banking Financial Companies • Punjab National Bank fraud • RBI • Reserve Bank of India • Urban cooperative banks