RBI Board Meet: Currency Management Discussed, Supervision structure reviewed
  • WebDesk BTVI
  • May 21 2019

A specialised cadre will be created within the Reserve Bank for supervision and regulation of financial institutions, including banks and NBFCs, the RBI said after the meeting of the Central Board of the apex bank. This move assumes significance at a time when non-banking financial companies (NBFCs) are facing severe liquidity crunch in the wake of IL&FS crisis.