(a) whether there is any proposal to bifurcate the RBI and to hand over the task of
supervision and regulation of banks to another statutory authority; and
(b) if so, the details thereof?
(a) whether there is any proposal to bifurcate the RBI and to hand over the task of
supervision and regulation of banks to another statutory authority; and
(b) if so, the details thereof?
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRl BALASAHEB VIKHE PATIL):
(a) and (b) In the Monetary and Credit Policy for the year 2001-2002 annoucned by RBI,
they have suggested that a separate apex supervisory body be set up to take over the entire
inspection/supervision functions pertaining to Urban Cooperative Banks. The matter is
under examination of the Government.