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RBI pushes banks, NBFCs to own data risks across third parties
The RBI has sought comments from the public by August 17 on its draft proposals titled 'Guidance on Regulatory Expectations for Data Governance.' These seek to strengthen controls over the growing use of external service providers, technology vendors and group entities by banks and other regulated financial institutions.
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thehindubusinessline.com
Regulated entities will have to implement data governance framework: RBI
RBI mandates regulated entities to implement a comprehensive data governance framework to enhance data management and compliance.
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economictimes.indiatimes.com
RBI pushes banks, NBFCs to own data risks across third parties
The RBI has sought comments from the public by August 17 on its draft proposals titled 'Guidance on Regulatory Expectations for Data Governance.' These seek to strengthen controls…
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RBI proposes stricter data governance framework for banks, NBFCs; seeks feedback by Aug 17
The Reserve Bank of India has proposed a new data governance framework. This framework aims to strengthen data risk management for financial institutions. Banks and NBFCs will…