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Urjit Patel, RBI Governor, appointed to Financial Stability Institute Advisory Board


~ RBI Governor Urjit Patel has been appointed to Financial Stability Institute Advisory Board (FSAB) of Bank of International Settlement (BIS).

~ The Financial Stability Institute of BIS assists financial sector authorities worldwide in strengthening their financial systems. 

~ The FSI was jointly established by BIS and the Basel Committee on Banking Supervision in 1998.

~ The Advisory Board will provide strategic advice to help FSI continue to meet its mandate.

~ Banks for International Settlements (BIS) is international financial organization owned by 60 member central banks, representing countries around the world including India.

~ It fosters International monetary and financial cooperation and serves as bank for central banks. 

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