The Reserve Bank of India (RBI) is planning to set up a new institute in Mumbai, to be known as the College of Supervisors.
It will train and build up a cadre for supervisory roles in the financial system.
The institute will provide a one-year specialised training programme for the RBI officials.
The officials undergoing training at the institute will be required to go for re-certification every five years in a bid to adapt to any change in technology.