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RBI to review, strengthen risk-based supervision of banks, NBFCs


RBI to review, strengthen risk-based supervision of banks, NBFCs
The RBI uses the RBS model, including both qualitative and quantitative elements, to supervise banks, urban cooperative banks, non-banking financial companies, and all India financial institutions
PTI | May 2, 2021 | Updated 16:14 IST
The Reserve Bank conducts supervision of the banks through offsite monitoring of the banks and an annual inspection of the banks, where applicable
The Reserve Bank has decided to review and strengthen the Risk Based Supervision (RBS) of the banking sector with a view to enable financial sector players to address the emerging challenges.
The RBI uses the RBS model, including both qualitative and quantitative elements, to supervise banks, urban cooperatives banks, non-banking financial companies and all India financial institutions. ....

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