Reserve Bank of India (RBI) has informed that Supervisory Colleges have been setup for the following six Scheduled Commercial Banks which have sizeable international presence:-
• State Bank of India, ICICI Bank Ltd. , Bank of India, Bank of Baroda, Axis Bank Ltd. and Punjab National Bank.
• The objectives of the colleges are to enhance information exchange and cooperation among supervisors, to improve understanding of the risk profile of the banking group and thereby facilitate more effective supervision of internationally active banks.
Points to remember:-
• Reserve Bank of India:-
• Established: 1st April 1935
• Headquarters: Mumbai
• Bank Rate:6. 50%; Repo Rate: 6. 25%; Reverse Repo Rate:6. 00; Cash Reserve Ratio (CRR): 4%; Statutory Liquidity Ratio (SLR): 20%