Director (PhD) in Reserve Bank of India (RBI) Recruitment 2019
Director Vacancy – Last Date 24 May 2019 (Mumbai, Maharashtra), Reserve Bank of India recruits Director posts. PhD experience candidates can apply.
Part Time Medical Consultant (MBBS) in Recruitment 2019
Part Time Medical Consultant (MBBS)
Reserve Bank of India (RBI)
Part Time Medical Consultant Vacancy – Last Date 15 May 2019 (Guwahati ,Assam), Reserve Bank of India recruits Bank’s Medical Consultant posts. MBBS experience candidates can apply.
Reserve Bank of India (RBI) – रिज़र्व बैंक ऑफ़ इंडिया
The Reserve Bank of India performs this function under the guidance of the Board for Financial Supervision (BFS). The Board was constituted in November 1994 as a committee of the Central Board of Directors of the Reserve Bank of India.
Primary objective of BFS is to undertake consolidated supervision of the financial sector comprising commercial banks, financial institutions and non-banking finance companies.
The Board is constituted by co-opting four Directors from the Central Board as members for a term of two years and is chaired by the Governor. The Deputy Governors of the Reserve Bank are ex-officio members. One Deputy Governor, usually, the Deputy Governor in charge of banking regulation and supervision, is nominated as the Vice-Chairman of the Board.
The Board is required to meet normally once every month. It considers inspection reports and other supervisory issues placed before it by the supervisory departments.
BFS through the Audit Sub-Committee also aims at upgrading the quality of the statutory audit and internal audit functions in banks and financial institutions. The audit sub-committee includes Deputy Governor as the chairman and two Directors of the Central Board as members.
The BFS oversees the functioning of Department of Banking Supervision (DBS), Department of Non-Banking Supervision (DNBS) and Financial Institutions Division (FID) and gives directions on the regulatory and supervisory issues.
Some of the initiatives taken by BFS include:
restructuring of the system of bank inspections
introduction of off-site surveillance,
strengthening of the role of statutory auditors and
strengthening of the internal defences of supervised institutions.
The Audit Sub-committee of BFS has reviewed the current system of concurrent audit, norms of empanelment and appointment of statutory auditors, the quality and coverage of statutory audit reports, and the important issue of greater transparency and disclosure in the published accounts of supervised institutions.
supervision of financial institutions
legal issues in bank frauds
divergence in assessments of non-performing assets and
supervisory rating model for banks.
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