RBI plans to restructure divisions

According to a report on Thursday 10 March the Reserve Bank of India is restructuring itself in order to streamline operations. Banking sources were quoted as saying the RBI is in the process of moving divisions into separate units.

The entire supervision activities will be managed under a separate arm called Board for Financial Supervision, Business Standard reported.

The division will have a separate board headed by one of the deputy governors with a separate set of members. This has been pla