The RBI is set to unveil a separate vertical for supervision & regulation on Friday as part of a revamp to focus on improving oversight for banks, non-banking finance companies & cooperative banks in the light of several frauds going undetected. The new vertical will, however, not focus on housing finance and rural cooperative banks, which are in the domain of National Housing Bank and Nabard, respectively.
from The Times of India https://ift.tt/2NoQRQg
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