ENA Sectors 2019-05-22 06:45:18 <p><strong>Chennai, May 22 (KNN)</strong> With a view to strengthe the supervision and regulation of commercial banks, urban cooperative banks and Non-Banking Financial Companies (NBFCs), the Reserve Bank of Indias (RBI) Central Board decided to create a specialized supervisory and regulatory cadre within the RBI.</p> <p>The decision was taken in the 57th meeting of the Central Board under the Chairmanship of Shaktikanta Das, Governor of RBI, here.</p> <p>The Board reviewed the current economic situation, global and domestic challenges and various areas of operations of the Reserve Bank.</p> <p>Among other important matters, the Board discussed the Medium Term Strategy document, covering, inter-alia, the Mission Statement and the Vision Statement.</p> <p>The Board also reviewed the present structure of supervision in RBI in the context of the growing diversity, complexities and interconnectedness within the Indian financial sector.</p> <p><iframe frameborder="0" height="540" id="mgiframe" src="//mg.mgid.com/mghtml/framehtml/c/k/n/knnindia.co.in.338951.html" width="100%"></iframe></p> <p>Other matters discussed by the Board included, inter-alia, issues related to the Currency Management and Banker to Government functions of the RBI.</p> 22700 https://knnindia.co.in/news/newsdetails/sectors/rbi-to-create-specialized-cadre-within-rbi-to-regulate-banks-nbfcs 2019-05-22 06:45:18 knnindia.co.in