Current Affairs - Places - Discussion

The 576th two day meet of the Central Board of Reserve Bank of India (RBI) was held in Chennai, Tamil Nadu, under the Chairmanship of Governor Shaktikanta Das to review the current economic situation, global and domestic challenges and various areas of operations of the Reserve Bank. The key matter of the discussion was the Medium-Term Strategy document, covering the Mission Statement and the Vision Statement. During the meet, it was decided to create a "Specialised Supervisory and Regulatory Cadre" with RBI to strengthen the supervision and regulation of commercial banks, urban cooperative banks and Non-Banking Financial Companies (NBFC).