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 […]

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