Multiple choice

Who performs the functions and exercises the powers of supervision and inspection of banks under RBI Act and BR Act?

  1. SEBI

  2. BFS

  3. Board of Governors

  4. Inspection Department of RBI

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

In November 1994, RBI constituted the Board for Financial Supervision (BFS) under RBI (BFS) Regulations, 1994 to give undivided attention to the prudential supervision and regulation of banks, financial institutions and non-bank financial institutions in an integrated manner.