The Reserve Bank of India (RBI) has, in recent years, observed weaknesses in compliance, risk management and internal audit functions of financial institutions, leading to greater regulatory focus ...

NEW DELHI: The RBI's regulatory functions should be taken away and given to another body to improve surveillance over irregularities in the capital market, former finance minister P Chidambaram ...

Established in 1934, the RBI functions as the nation's central bank, following the recommendations of the Hilton Young Commission and governed by the Reserve Bank of India Act, 1934. The central bank ...

The Reserve Bank of India [Get Quote] in a draft guideline ... Banks have been asked to abstain from outsourcing core management functions such as corporate planning, organisation, management ...

The Reserve Bank of India (RBI) has asked banks to ensure that the internal audit function has sufficient authority, stature, independence and resources within the bank to enable internal auditors ...

Mumbai, Jan 7 () The RBI on Thursday asked banks to align their internal audit function with international best practices, like those issued by the Basel Committee on Banking Supervision (BCBS).

3. Banker’s Bank:- The Reserve Bank performs the same functions for the other commercial banks as the other banks ordinarily perform for their customers. RBI lends money to all the commercial ...