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 ..

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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 ..

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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 ..

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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 ..

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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 ..

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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 ..

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