Current Affairs

RBI Reorganised its Regulation and Supervision Departments

Current context: Reserve Bank of India has reorganised the regulatory and supervisory Departments and has created separate supervisory and regulatory cadre.
RBI Reorganised its Regulation and Supervision Departments
  • Currently, the Supervision of financial sector entities is undertaken in 3 separate categories:
    1. Department of Banking Supervision
    2. Department of Non-Banking Supervision
    3. Department of Co-operative Bank Supervision
  • Similarly, the Regulation of financial sector entities is undertaken in 3 separate categories:
    1. Department of Banking Regulation
    2. Department of Non-Banking Regulation
    3. Department of Cooperative Banking Regulation
  • RBI has now adopted a holistic approach to supervision and regulation of the regulated entities to address growing complexities, size and inter-connectedness and to deal with potential systemic risk.
  • The supervision function for all financial entities is integrated into a unified Department of Supervision and the regulatory functions into a unified Department of Regulation with effect from 1st November 2019.

Question: 

Q.1 Choose the correct statement in the context of reorganisation done by the RBI in its regulatory and supervisory Departments? 
a. RBI has made a unified Department of Supervision of financial entities
b. RBI has made a unified Department of Regulation of financial entities
c. Both a and b
d. None of the above
RBI Reorganised its Regulation and Supervision Departments RBI Reorganised its Regulation and Supervision Departments Reviewed by Neha Verma on November 02, 2019 Rating: 5

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