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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 ...

RBI releases circular on risk-based internal audit for NBFCs, UCBs ​ By IANS | Published on ​ Wed, Feb 3 2021 13:57 IST | ​ 0 Views Reserve Bank of India (RBI). (File Photo: IANS). Image Source: IANS News Mumbai, Feb 3 : The Reserve Bank of India (RBI) on Wednesday released a circular on risk-based internal audit (RBIA) for non-banking finance companies (NBFC) and urban co-operative banks (UCB). The circular covers all deposit taking and non-deposit taking NBFCs, including Core Investment Companies, with asset size of Rs 5,000 crore and above, and all Primary (Urban) Co-operative B...