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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 need to implement robust data lifecycle controls. A board-level committee will oversee the new data governance policies. This initiative seeks to ensure data accuracy, security, and fitness for purpose.
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thehindubusinessline.com
Governance overhaul: RBI to usher in principle-based framework for banks
The Reserve Bank of India (RBI) will usher in a principle-based framework for banks, empowering their Boards to delegate routine matters to committees while retaining the ultimate…
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economictimes.indiatimes.com
RBI tightens governance framework, redefines bank board responsibilities
The RBI has revised bank board governance norms, effective October 1. Boards will now focus on strategy and risk oversight, delegating operational matters. Specialised…
