RBI further said the internal audit function should not be outsourced. The RBI on Thursday asked banks to align their internal audit function with international best practices, like those issued by ...

Labour Codes impact banks through payroll, outsourcing, social security, governance, financial reporting, RBI compliance and statutory audit.

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 to ...

"From being a central bank primarily concerned with the allocation of scarce resources during the planning period, the RBI has transitioned into being an enabler for the market and the economy," RBI ...

RBI Deputy Governor M Rajeshwar Rao on Saturday stressed uhe need for effective governance, the importance of the internal audit function in early detection of irregularities, and the need for ...

Mumbai, Nov 19: The one-day “mass casual leave” by over 17,000 RBI employees, demanding better retirement benefits and restoring the central bank’s powers on monetary policy and public debt management ...

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).

"Banks are encouraged to adopt the International Internal Audit standards, like those issued by the BCBS and the Institute of Internal Auditors (IIA)," it said in a circular. Source: PTI The RBI on ...