What is Board of Financial Supervision(BFS)?
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- eAnswers...Apr 25, 2014
All the functions of financial supervision are managed by the Reserve bank of India. The organization which guides RBI in order to carry out these functions is named as "Board of Financial Supervision"(BFS). The Governor of RBI acts as a chairperson of BSF. Some of the major functions which are carried out by Board of Financial Supervision(BFS) are:
>> Restructuring of the system of bank inspections.
>> Strengthening of the internal defenses of supervised institutions.
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