Introduction:
The Reserve Bank of India (RBI) is the central banking institution of India responsible for the supervision and regulation of the country's banking sector. To ensure effective supervision of banks, the RBI sets up various committees to study and recommend improvements in different areas of banking operations. One such committee set up by the RBI is the S. Padmanabhan Committee.

S. Padmanabhan Committee:
The S. Padmanabhan Committee on Supervisory, Regulatory, and Other Related Matters was set up by the RBI in July 2015. The committee was constituted to review and recommend changes in supervisory practices, regulatory framework, and other related matters for banks in India.

Objective:
The main objective of the S. Padmanabhan Committee was to enhance the effectiveness of supervisory oversight of banks in India. It aimed to strengthen the regulatory framework and improve the risk management practices of banks to ensure financial stability and minimize the occurrence of banking crises.

Scope of Work:
The committee was tasked with examining various aspects of bank supervision, including:

1. Supervisory Processes and Practices: The committee reviewed the existing supervisory processes and practices followed by the RBI and recommended improvements to enhance the effectiveness of supervision.

2. Risk-Based Supervision: It studied the implementation of risk-based supervision by the RBI and suggested measures to further strengthen this approach. Risk-based supervision focuses on identifying and addressing the risks faced by banks based on their size, complexity, and risk profile.

3. Governance and Board Oversight: The committee examined the governance practices of banks and suggested measures to enhance the role of the board in risk management and internal controls.

4. Supervisory Skills and Resources: It assessed the skills and resources available with the RBI for effective supervision and made recommendations for capacity building and training programs.

5. Regulatory Framework: The committee reviewed the regulatory framework for banks in India and recommended changes to align it with international best practices.

Conclusion:
The S. Padmanabhan Committee played a crucial role in strengthening the supervision and regulation of banks in India. Its recommendations helped enhance the effectiveness of supervisory oversight, improve risk management practices, and ensure the stability of the banking sector. The committee's work contributed to the continuous improvement of the regulatory framework and the overall functioning of the Indian banking system.

S.Padmanabhan Committee was set up by RBI on supervision of Banks.