• The Reserve Bank of India recently formed an advisory council under former deputy governor N S Vishwanathan to advise the director of the central bank on supervisory colleges.
• The council will identify areas where upskilling and building are required in supervisory colleges.
• Also, the council will plan and develop curricula of all programmes and benchmark the programmes with international standards and best practices.
• The council will develop appropriate teaching methods. The council will also benchmark the programmes with the international standards and improve the teaching methods.

RBI Supervisory College

• The Reserve Bank of India Supervisory Colleges were introduced to reinforce supervisory skills among its regulatory bodies. This was done to facilitate unified and focused training inputs to the supervision staffs.
• The Reserve Bank of India established supervisory colleges to monitor Indian banks abroad.
• The Supervisory colleges were established for six banks namely State Bank of India, ICICI Bank, Bank of Baroda, Axis Bank, Bank of India and Punjab National Bank. These banks have significant international presence.
• The main objectives of Supervisory colleges are to improve understanding of risk profile of the banking group, to enhance information exchange and cooperation among supervisors and facilitate effective supervision of internationally active banks.

RBI

• The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934.
• Shaktikanta Das is the 25th Governor of RBI.