Edukemy Gazette

Specialized Supervisory and Regulatory Cadre (SSRC)
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Specialized Supervisory and Regulatory Cadre (SSRC)

  • Context: Recruitment for RBI’s specialized supervisory and regulatory cadre (SSRC).
  • To reorganize its regulation and supervision departments, the RBI merged the three regulatory departments (department of banking, non-banking and cooperative bank) into one and did likewise for the three supervisory departments.
  • It can avoid potential systemic risk related to supervisory arbitrage and information asymmetry.
  • The SSRC will comprise officers in Grade B to Executive Director level.

Primary source: https://www.thehindu.com/business/Industry/rbi-eyes-market-for-specialised-supervision-regulation-cadre/article30506427.ece

 

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