The Reserve Bank of India to improve the risk-based supervision of banking sector

The Reserve Bank of India (RBI) has decided to improve the risk-based supervision (RBS) of banks and non-banking financial institutions (NBFCs) in the country.

The move is aimed at addressing the challenges for players in the banking space.

As part of the new decision, RBI is seeking bids from technical experts/consultants to undertake the process for the banks.

The RBI is inviting bids for ‘Consultant for Review of Supervisory Models’ in case of UCBs and NBFCs.