RBI sets up supervisory colleges for SCBs
DSIJ Intelligence / 29 Jul 2017
Supervisory colleges have been set up for the six scheduled commercial banks (SCBs) that have a sizeable international presence, the RBI has informed.
Supervisory colleges have been set up for the six scheduled commercial banks (SCBs) that have a sizeable international presence, the RBI has informed.
The six SCBs are State Bank of India, ICICI Bank, Bank of India, Bank of Baroda, Axis Bank and Punjab National Bank.
The objectives of the colleges are to enhance information exchange and cooperation among supervisors and to improve understanding of the risk profile of the banking group and thereby facilitate more effective supervision of internationally active banks.
This was stated by Santosh Kumar Gangwar, Minister of State for Finance, in written reply to a question in Lok Sabha on Friday.
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