The Reserve Bank of India performs the supervisory function under the guidance of the ........

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The Reserve Bank of India performs the supervisory function under the guidance of the _______.

Department of Economic Affairs

Ministry of Finance

Board for Financial Supervision (BFS)

IFMS

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Explanation:

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.