RBI to create specialised cadre for regulation of banks, NBFCs
India | May 21, 2019, 08:15 PM ISTA specialised cadre will be created within the Reserve Bank for supervision and regulation of financial institutions, including banks and NBFCs, the RBI Tuesday said. This move assumes significance at a time when non-banking financial companies (NBFCs) are facing severe liquidity crunch in the wake of IL&FS crisis.