Moneycontrol PRO
HomeNewsBusinessCompaniesRBI to conduct onsite inspections on banks' overseas arms

RBI to conduct onsite inspections on banks' overseas arms

In a bid to stem the cascading impact of global economic turmoil, the RBI has decided to take a deeper insight of banks’ international business. The regulator has revived the process of making onsite visits at foreign branches held by their subsidiaries or in any manner, almost after more than two decades, a source from RBI told Moneycontrol.com.

April 11, 2012 / 08:13 IST
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    Saikat Das
    Moneycontrol.com


    In a bid to stem the cascading impact of global economic turmoil, the Reserve Bank of India (RBI) has decided to delve deeper into international businesses of domestic banks. The regulator has revived the process of making onsite visits to foreign branches/subsidiaries of domestic banks after more than two decades, a source from RBI told Moneycontrol.com.

    first published: Apr 10, 2012 02:17 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347