Which of the following statements is/are correct with reference to the College of Supervisors (CoS) introduced by RBI?

Answer & Explanation

Option: Both A & B

Explanation:

The Reserve Bank of India (RBI) has set up an academic advisory council with former deputy governor N S Vishwanathan as the chairperson to advise the full-time director of the central bank’s College of Supervisors (CoS). It aims to augment and reinforce supervisory skills among its regulatory and supervisory staff both at entry level and on a continuous basis. The CoS will have a full-time Director supported by an Academic Advisory Council (AAC).