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RBI to fully operationalise College of Supervisors for effective supervision Mumbai | Updated on Our Bureau The Reserve Bank of India (RBI), on Wednesday, said the College of Supervisors (CoS) is being fully operationalised for effective oversight of the regulated entities by augmenting and ensuring a consistent quality of supervisory resources pool. This move comes in the backdrop of a string of scams involving the IL&FS Group, Punjab National Bank, Dewan Housing Finance Corporation, and Punjab and Maharashtra Co-operative Bank hitting the financial system in the last 2 to 3 years. The CoS, which was functioning in a limited way in virtual mode since May 2020, will have a full-time Director, supported by an Academic Advisory Council (AAC), comprising six members, the central bank said in a statement.

Tathagata bandyopadhyayArijit basuSubrata sarkarRabi narayan mishraParesh sukthankarPunjab national bankIndira gandhi institute of development researchOur bureauAcademic advisory councilDewan housing finance corporationMaharashtra bankCollege of supervisors coIl fs groupReserve bankMaharashtra cooperative bankDeputy governor