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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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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…
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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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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…