RBI plans to build a cadre for supervisory and regulatory roles

Will set up an institute, to be known as College of Supervisors, to train the cadre

The Reserve Bank of India (RBI) is planning to set up a new institute, to be known as the College of Supervisors, in Mumbai to train and build up a cadre for supervisory roles in the financial system. 

The institute will provide a one-year specialised training programme for the RBI officials, according to a plan discussed in the RBI’s meeting of the central board, chaired by Governor Shakti­kanta Das, in Chennai. The officials undergoing training at the institute will be required to go for re-certification every five years in a bid to adapt to any change in technology and circumstances.