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RBI strengthening its Banking supervision: College of Supervisors (CoS)

Summary:
RBI continues to take steps to strengthen its banking supervision function. It had set up a College of Supervisors in May-20 and is now fully functional From RBI’s press release 2 days back: As part of the measures to further strengthen Supervision over regulated entities, Reserve Bank had set up a College of Supervisors (CoS) to augment and reinforce supervisory skills among its regulatory and supervisory staff both at entry level and on a continuous basis. This was done to facilitate the development of unified and focused supervision by providing training and other developmental inputs to the concerned staff. While the CoS was functioning in a limited way in virtual mode since May 2020, it is now being fully operationalised. The CoS will have a full-time Director supported by an

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RBI continues to take steps to strengthen its banking supervision function. It had set up a College of Supervisors in May-20 and is now fully functional

From RBI’s press release 2 days back:

As part of the measures to further strengthen Supervision over regulated entities, Reserve Bank had set up a College of Supervisors (CoS) to augment and reinforce supervisory skills among its regulatory and supervisory staff both at entry level and on a continuous basis. This was done to facilitate the development of unified and focused supervision by providing training and other developmental inputs to the concerned staff.

While the CoS was functioning in a limited way in virtual mode since May 2020, it is now being fully operationalised. The CoS will have a full-time Director supported by an Academic Advisory Council (AAC). The AAC will identify areas where skill building/up-skilling are required, plan and develop curricula of all programmes, benchmark the programmes with international standards/best practices, develop appropriate teaching methods, etc.

The AAC has now been constituted with the following composition:

1 Shri N.S. Viswanathan,
Former Deputy Governor, RBI
Chairperson
2 Shri Arijit Basu,
Former MD, SBI
Member
3 Shri Paresh Sukthankar,
Former DMD, HDFC Bank
Member
4 Prof. S. Raghunath,
IIM Bangalore
Member
5 Prof. Tathagata Bandyopadhyay,
IIM, Ahmedabad
Member
6 Prof. Subrata Sarkar,
IGIDR, Mumbai
Member

Dr. Rabi Narayan Mishra, former Executive Director, RBI has been appointed as the Director of CoS.

Amol Agrawal
I am currently pursuing my PhD in economics. I have work-ex of nearly 10 years with most of those years spent figuring economic research in Mumbai’s financial sector.

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