RBI unveils risk-based internal audit guidelines for select NBFCs, UCBs

RBI unveils risk-based internal audit guidelines for select NBFCs, UCBs

The regulator also specified that RBIA policy shall clearly document the purpose, authority, and responsibility of the internal audit activity, with a clear demarcation of the role and expectations from risk management function and risk -based internal audit function.
Check the source here –Source, Financial Express.

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