India Regulator Mulls Supervision Revamp for Banks to Curb Risks

India’s financial regulator is considering a revamp of how it supervises lenders, shifting from a traditional box-checking exercise to a deeper examination of banks’ business models, according to people familiar with the matter.

The Reserve Bank of India plans to examine in greater depth how banks conduct their business instead of analyzing ratios in isolation at every inspection, said the people, who asked not to be identified because the discussions are private.