Reserve Bank of India Forms New Regulatory Body to Boost Financial Oversight
Posted on 05/26/2019
The Reserve Bank of India’s Central Board is forming a new regulatory body to bolster their oversight of commercial banks, urban cooperative banks, and other financial companies. The decision was made after the RBI faced repeated crises, including the IL&FS Group defaults, corruption charges against ICICI Bank (IBN), Punjab National Bank’s fraud scandal, and prolonged […]
