RBI opens supervisory college for ICICI Bank

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts
    RBI opens supervisory college for ICICI Bank
    The Reserve Bank of India has opened second supervisory college for country's largest private sector lender ICICI Bank in Mumbai on September 04, 2014. The central bank had set up the first Supervisory College for ICICI Bank in December, 2012.

    Inaugurating the forum, RBI, Deputy Governor, Harun R. Khan stated that the synergy which was developed among the supervisors during the first supervisory college of ICICI Bank Ltd. in December 2012, was taken forward in its desired spirit by all the supervisors, which in fact has set the platform for the second Supervisory College today.

    The Reserve Bank, as the home country supervisor, has an immense responsibility in fulfilling the resolutions taken at the first supervisory college and meeting the aspirations of the participants, he said.

    Nine supervisors from six overseas jurisdictions participated in the meeting of the Supervisory College for ICICI Bank Ltd.

    The Reserve Bank of India has set up, as part of supervision of cross border operations of Indian banks abroad, Supervisory Colleges for banks which have good international presence. The main objectives of Supervisory College 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.

    The Reserve Bank had, in December 2012, set up Supervisory College for State Bank of India. The Colleges for Bank of Baroda, Bank of India and Axis Bank Ltd. were set up in February and September 2014, respectively. It is expected that the Colleges would enhance the mutual trust and co-operation among the supervisors.

    Read more about: icici bank rbi
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'
    India's LARGEST EVER political poll. Have you participated yet?

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more