In case of UCBs and NBFCs, the Expression of Interest (EOI) for Consultant for Review of Supervisory Models said the supervisory functions pertaining to commercial banks, UCBs and NBFCs are now integrated, with the objective of harmonising the supervisory approach based on the activities/size of the supervised entities (SEs).
RBI to review, strengthen risk-based supervision of banks, NBFCs
The RBI uses the RBS model, including both qualitative and quantitative elements, to supervise banks, urban cooperative banks, non-banking financial companies, and all India financial institutions
PTI | May 2, 2021 | Updated 16:14 IST
The Reserve Bank conducts supervision of the banks through offsite monitoring of the banks and an annual inspection of the banks, where applicable
The Reserve Bank has decided to review and strengthen the Risk Based Supervision (RBS) of the banking sector with a view to enable financial sector players to address the emerging challenges.
The RBI uses the RBS model, including both qualitative and quantitative elements, to supervise banks, urban cooperatives banks, non-banking financial companies and all India financial institutions.
Read more about Reserve Bank to strengthen risk-based supervision of banks, NBFCs on Business Standard. The Reserve Bank has decided to review and strengthen the Risk Based Supervision (RBS) of the banking sector with a view to enable financial sector players to address the emerging challenges
RBI to strengthen risk-based supervision of banks, NBFCs indiatvnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatvnews.com Daily Mail and Mail on Sunday newspapers.
RBI issues guidelines for appointment of statutory auditors of banks, NBFCs
Updated:
Updated:
April 27, 2021 12:03 IST
The guidelines provide necessary instructions for appointment of SCAs/SAs, the number of auditors, their eligibility criteria, tenure and rotation, while ensuring the independence of auditors, the apex bank said.
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RBI logo. | Photo Credit: REUTERS
The guidelines provide necessary instructions for appointment of SCAs/SAs, the number of auditors, their eligibility criteria, tenure and rotation, while ensuring the independence of auditors, the apex bank said.
The Reserve Bank of India on Tuesday issued guidelines for appointment of statutory auditors of banks and non-banking finance companies (NBFCs), including housing finance companies.