RBI mulls bank supervision changes in light of IMF report

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The Reserve Bank of India (RBI) said today (16 January) that it is in discussions with the government over amending the system under which all public banks in India have an RBI officer on their board of directors.

Responding to the latest update of the IMF's financial system stability assessment (FSSA) for India, conducted under the Financial Stability Assessment Programme (FSAP) for IMF members with systemically important financial sectors, the RBI said it "recognises that there could be moral

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