Dependency on single vendor for critical services can create lock-in situations, cautions Deputy Governor Rao
RBI Deputy Governor M Rajeshwar Rao called upon regulated entities to go in for vendor diversification as dependency on a
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Tag: Regulated Entities
Scheduled commercial banks accounted for a chunk of cyber incidents from Jan 2019 to Mar 2024
‘Cyber incident’ means a cyber event that adversely affects the cyber security of an information asset whether resulting from malicious
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RBI directs all lenders to review their lending practices
The Reserve Bank of India has directed all lenders to review their practices regarding mode of disbursal of loans, application
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Re-directing aggrieved customers to alternate grievance machinery not desirable: RBI Governor
Re-directing aggrieved customers to the alternate grievance machinery of the Reserve Bank of India (RBI) ombudsman is not desirable, Governor
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RBI unveils draft guidelines on climate-related financial disclosures
On February 28, the Reserve Bank of India (RBI unveiled draft guidelines on the disclosure framework on climate-related financial risks
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Final decision on customer complaints should be communicated in 30 days: RBI tells Banks, NBFCs
Regulated entities (REs) and their Internal Ombudsmen (IOs) should ensure that a final decision is communicated to customers within a
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RBI proposes empowered SROs to set and enforce financial standards
Self-Regulatory Organisations (SROs) should have sufficient authority, which is derived from membership agreements, to set ethical, professional and governance standards and enforce
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