Photo: Pradeep Gaur/MintNew Delhi: The International Monetary Fund (IMF) and the World Bank have commended the Reserve Bank of India (RBI) for its “remarkable progress in strengthening banking supervision” saying the regulation by the central bank has improved in recent years. The IMF and the World Bank had released two separate main Reports of the 2017 India Financial Sector Assessment Programme (FSAP) in December 2017. In continuation, the IMF and the World Bank on Friday released two detailed assessment reports (DARs) relating to the 2017 India FSAP. The report providing ‘Detailed Assessment of Observance— Basel Core Principles for Effective Banking Supervision’ has been released by the IMF and the World Bank. “It notes that the supervision and regulation by the Reserve Bank remain strong and have improved in recent years,” Sebi said.

Source: Mint January 20, 2018 14:48 UTC