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The Lender Banks Must Give an Opportunity of Hearing to the Borrower Companies before Classifying their Accounts as Frauds
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RBI proposes to prescribe a Master Direction on IT Governance, Risk, Controls and Assurance Practices for NBFCs in Top, Upper and Middle Layers as per Scale Based Regulation
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RBI issues Standard Operating Procedure for Inter-operable Regulatory Sandbox
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RBI launches a web-based application “DAKSH” to strengthen the supervisory processes and improve the compliance culture in Banks, NBFCs, etc.
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