Das: RBI toughening its supervisory approach
Central bank is focusing on developing specialist supervisors after financial instability
The Reserve Bank of India is toughening its supervisory approach, demanding more of the banks it oversees and working harder to train its supervisors, Shaktikanta Das said on November 16.
The RBI governor acknowledged the “challenges” at both banks and non-bank financial firms in the past few years, calling corporate governance “the elephant in the room”. The RBI’s supervisors are now focusing more closely on governance, risk management, internal audit and compliance, he said.
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