Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: TDS :: list of goods taxed at 4% :: VAT RATES :: form 3cd :: cpt :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: VAT Audit :: due date for vat payment :: ACCOUNTING STANDARDS
 
 
« Latest Circulars »
 RBI Working Paper Series No. 5/2017: Comparison of Consumer and Wholesale Prices Indices in India: An Analysis of Properties and Sources of Divergence
 All Agency Banks and select offices of RBI to remain open on all days from March 25, 2017 to April 1, 2017
 RBI-Sources of Variation in Foreign Exchange Reserves in India during April-December 2016
 Developments in India’s Balance of Payments during the Third Quarter (October-December) of 2016-17
 RBI signs Memorandum of Understanding(MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with the Bank of Thailand
 RBI-Meeting Schedule of the Monetary Policy Committee for 2017-18
 RBI to conduct Overnight, 7 day and 14 day Variable rate Reverse Repo auctions under LAF on March 22, 2017
 Risk Management and Inter-bank Dealings: Operational flexibility for Indian subsidiaries of Non-resident Companies
 Master Directions on Issuance and Operation of Prepaid Payment Instruments in India
 RBI seeks comments on draft circular on Master Directions on Issuance and Operation of Pre-paid Payment Instruments (PPIs) in India
  Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2016-17)

RBI hosts Supervisory College for Bank of Baroda and Bank of India
July, 28th 2016

Meetings of the Supervisory Colleges of Bank of Baroda and Bank of India were held at Mumbai on July 25 and 26, 2016 respectively. Shri S.S. Mundra, Deputy Governor, Reserve Bank of India inaugurated the proceedings of the Colleges. Twenty three supervisors from thirteen overseas banking supervisory authorities participated in the Supervisory College of Bank of Baroda on July 25, 2016. Nineteen supervisors from eleven overseas banking supervisory authorities participated in the Supervisory College of Bank of India on July 26, 2016.

In his address to the College of Supervisors, Shri Mundra gave an overview of Reserve Bank’s approach towards supervision of Indian banking system, in general and cross border supervision of internationally active Indian banks, in particular. The Deputy Governor noted that the increasing cross border activities of certain Indian banks over the years necessitated closer supervision over the overseas offices of the banks. Effective collaboration with the banking supervisory authorities of the jurisdictions in which Indian banks operate, for exchange of information and joint supervisory activities, is one of the main tools adopted by Reserve Bank as regards cross border supervision. The establishment of Supervisory Colleges for major Indian banks is one of the outcomes of this approach, which creates a better understanding of the risk profile of the concerned banking group among RBI and the various host supervisors. The Deputy Governor stressed the need for ongoing collaboration among the supervisory authorities, which should extend beyond the physical meetings of the Supervisory Colleges.

Smt. Parvathy V.Sundaram, Chief General Manager-in-Charge, Department of Banking Supervision, Reserve Bank of India briefed the Supervisory Colleges on the latest developments in supervision of Indian banks. Shri S.S.Barik, Chief General Manager in-Charge of the Department of Banking Regulation provided an overview to the Colleges on the developments in banking regulation. Shri P.S.Jayakumar, MD & CEO, Bank of Baroda and Shri Melwyn Rego, MD& CEO, Bank of India, made presentations and responded to the queries of the various host supervisors on their respective banks.

The Reserve Bank of India and the various host supervisors deliberated on many issues of mutual concern in the Colleges and the host supervisors shared their perspectives on the presence and operations of Bank of Baroda and Bank of India in the overseas jurisdictions.

The Reserve Bank of India has set up, as part of supervision of cross border operations of Indian banks abroad, Supervisory Colleges for six major banks (State Bank of India, Bank of Baroda, Bank of India, ICICI Bank Ltd., Axis Bank Ltd. and Punjab National Bank) which have significant 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.

Anirudha D. Jadhav
Assistant Manager

Press Release: 2016-2017/242

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Privacy Policy

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions