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.