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UCBs under risk based audit system Tag

Daily Market Analysis

Daily Market Analysis – 4th Feb 2021

byAkshay ShahFebruary 4, 2021

RBI brings large NBFCs, UCBs under risk based audit system The Reserve Bank of India (RBI) has brought all deposit-taking non-banking finance companies (NBFCs), non-deposit NBFCs with assets of Rs 5000 crore and more and also urban co-operative banks (UCBs) with assets of Rs 500 crore and above under a risk-based internal audit (RBIA) framework. The risk assessment framework covers...