It has been reported that the Apex bank of the country has established a supervisory college for the Axis bank in Mumbai. In order to maintain and improve the understanding of the risk profile of the banking group the RBI has set up this college. It will also look towards the enhancement of the mutual trust and co-operation among the supervisors.
These colleges are especially set up for the banks that have well established presence and working in the abroad. The RBI has already established such banks for SBI, ICICI bank. Through these supervisory colleges the RBI being the Apex bank of the country wants the Indian banks to work in enhanced way in the foreign countries. It is the responsibility of RBI to monitor that exchange of supervisory information and perceptions becomes easy. These colleges are supposed to facilitate effective supervision of internationally active banks.