WebApr 11, 2024 · Image: Narendra Bisht. The Reserve Bank of India (RBI) on Monday released new norms for the outsourcing of information technology and associated services by financial entities. The new norms will come into effect from October 1 this year. The new norms are applicable for all regulated entities, including banking companies, … WebApr 12, 2024 · REs should ask their service providers to develop and establish a robust framework for documenting, maintaining, and testing business continuity plans and disaster recovery plans. A RE can also outsource any IT activity/ IT-enabled service within its business group/ conglomerate, subject to conditions specified in the Master Direction.
RTGS, NEFT payment systems opened up for non-banks in …
WebJun 4, 2024 · The Reserve Bank of India’s (RBI’s) decision to maintain status quo in its monetary policy offers continuity to financial markets. RBI is hoping that easy money and low interest rates will induce a quicker revival of economic activity. This is probably the correct decision under the current circumstances. WebApr 8, 2024 · The Reserve Bank of India's (RBI) crackdown on digital lending last year caused the BNPL sector to be under stress, as seen by PhonePe's decision to back out of the ZestMoney takeover agreement. Weeks after its sale negotiations with PhonePe broke down, Goldman Sachs-backed ZestMoney will let go of close to 20 percent, or 100 people, … smart in ovation gmbh
RBI chalks out contingency plan for smooth functioning of services
WebMar 16, 2024 · The Reserve Bank of India (RBI) told banks on Monday to take stock of critical processes and revisit their business continuity plans to prevent any disruption of services, while encouraging customers to use digital banking. Banks must constitute a quick response team, ... WebJul 8, 2024 · Lending to Group entities engaged in estate business. RBI proposes to regulate double financing, ... IS Audit, Business Continuity Planning and IT Services Outsourcing. These directions are now proposed to be made applicable to HFCs and consequently the Information Technology Framework issued by NHB vide circular dated June 15, ... WebMar 1, 2024 · The Reserve Bank of India (RBI) on 27 th February issued a press release announcing that it released a compendium on Business Continuity Measures.The compendium consists of measures undertaken by the Reserve Bank of India during the COVID-19 Pandemic and it was released on 17 th February, 2024 in the annual conference … smart in pays