Page-22 of Reserve Bank of India (RBI)
RBI makes Risk-Based Internal Audit Mandatory
The Reserve Bank of India (RBI) on has introduced a risk-based internal audit (RBIA) system. It has made it mandatory for select non-banking financial companies and urban co-operative banks (UCBs). What has changed now? As per the norms, all the ..
Month: Current Affairs - February, 2021
4-tier structure for Tighter Regulation of NBFCs
The Reserve Bank of India (RBI) has recently proposed for a four-tier structure for tighter regulatory framework of the Non-Banking Financial Companies (NBFCs). About Regulatory and Supervisory Framework The responsibility of regulation and supervision has been entrusted with the Department of Non-Banking Supervision ..
Month: Current Affairs - January, 2021
RBI Financial Stability Report
The Reserve Bank of India recently released to the financial stability report for December 2020. This is the 22nd issue of financial stability report of the apex bank. It is released twice a year. Key Findings of the Financial Stability ..
Month: Current Affairs - January, 2021
RBI Working Group on Digital Lending
The Reserve Bank of India recently constituted a working group on digital lending. The working group was constituted to study all aspects of digital lending activities in the regulated and regulated financial sector. The working group will ensure that an ..
Month: Current Affairs - January, 2021
Legal Entity Identifier System
The Reserve Bank of India recently announced the introduction of Legal Entity Identifier System. What is Legal Entity Identifier System? The Reserve Bank of India introduced the Legal Entity Identifier system for all payment transactions of fifty crores and above ..
Month: Current Affairs - January, 2021
RBI forms Academic Advisory Council for Supervisory College
The Reserve Bank of India recently formed an advisory council under former deputy governor N S Vishwanathan to advise the director of the central bank on supervisory colleges. What is the role of the council? The council will identify areas ..