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RBI proposes unified framework for banks' risk, compliance and audit functions
The Reserve Bank of India has released a draft framework for bank control and assurance functions. This aims to simplify rules and boost governance. The new guidelines will be effective from January 1, 2027. Banks must ensure their risk management, compliance, and internal audit functions are robust.
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economictimes.indiatimes.com
RBI proposes unified framework for banks' risk, compliance and audit functions
The Reserve Bank of India has released a draft framework for bank control and assurance functions. This aims to simplify rules and boost governance. The new guidelines will be…
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thehindubusinessline.com
RBI may ask banks to adopt risk-based internal audit approach
RBI may require banks to implement a Risk-based Internal Audit approach for enhanced risk management and internal controls.
