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Dr Kedise Pucho awarded WHRPC honorary doctorate

Vamnicom trains on Securitization & Internal Audit

Pune based prestigious cooperative institution Vamnicom organized a three-day training program on

Risk-based internal auditing training for public sector

The Internal Audit Agency (IAA) has begun a two-day training for public institutions across the nation on the preparation of the 2023 Annual Risk-Based Internal Audit (RBIA) work plan. The training is intended to provide staff members in Internal Audit Units (IAUs) with the knowledge and abilities needed to complete…

Internal Audit Agency Begins Nationwide Risk-Based Audit Preparation

Internal Audit Agency Begins Nationwide Risk-Based Audit Preparation

Sah Bharati: Prez vows to make UP's UCBs, a role model for country

Speaking on the occasion of UCBs conclave in Ghaziabad, Sahakar Bharati President D N Thakur said the

RBI extends risk-based internal audit system to housing finance companies

In February this year, the RBI had issued a circular mandating the RBIA framework for select non-banking financial companies (NBFCs) and urban co-operative banks by March 31, 2022.

Home finance firms to comply with risk-based internal audit norms

Follows troubles at Dewan Housing Finance and Reliance Home Finance

RBI issues guidelines on the appointment of auditors: Banks, UCBs, NBFCs with an asset size of more than Rs 15,000 crore will have two auditors

: Tuesday, April 27, 2021, 6:29 PM IST RBI issues guidelines on the appointment of auditors: Banks, UCBs, NBFCs with an asset size of more than Rs 15,000 crore will have two auditors Reserve Bank of India (RBI) Photo Credit: PTI Banks, Regional Rural Banks (RRBs), Urban Cooperative Banks (UCBs), and Non-Banking Finance Companies (NBFCs) with an asset size of Rs 15,000 crore and above, will need to appoint two audit firms, said Reserve Bank of India (RBI). RBI stated that the guidelines shall become applicable from FY 2021-22 and onwards. However, UCBs and NBFCs shall have the flexibility to adopt these guidelines from H2 of FY 2021-22 so that there is no disruption.

RBI unveils risk-based internal audit guidelines for select NBFCs, urban co-op banks

Updated Feb 03, 2021 | 16:37 IST Currently, all the entities supervised by the RBI have their own approaches on internal audit, resulting in certain inconsistencies, risks and gaps in the system, the RBI said RBI unveils risk-based internal audit guidelines for select NBFCs, urban co-op banks  |  Photo Credit: PTI New Delhi: The Reserve Bank of India (RBI) on Wednesday unveiled the risk-based internal audit (RBIA) system for select non-bank lenders and urban co-operative banks, with a view to enhance the quality and effectiveness of their internal audit system. RBI had announced in the ‘Statement on Developmental and Regulatory Policies’ issued as part of the Monetary Policy Statement dated December 4, 2020 that with a view to strengthen the Internal Audit Function, which works as a third line of defence, suitable guidelines will be issued to large UCBs and NBFCs on adoption of Risk-Based Internal Audit (RBIA).

RBI Issues Circular On Risk-based Internal Audit For UCBs, NBFCs

RBI issues circular on risk-based internal audit for UCBs, NBFCs The circular is applicable to NBFCs with asset size of Rs 5,000 crore and all Primary Urban Cooperative Banks (UCBs) with asset size of Rs 500 crore and above February 03, 2021 / 10:42 AM IST The Reserve Bank of India (RBI) on February 3 issued a circular on risk-based internal audit for Non-banking finance companies (NBFCs) and Urban Cooperative Banks (UCBs) on risk-based internal audit. The circular is applicable to NBFCs with asset size of Rs 5,000 crore and above and all Primary Urban Cooperative Banks (UCBs) with asset size of Rs 500 crore and above, RBI said.