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SUPERVISORY AND INSPECTION PROCESSES
Aviom fraud spurs NHB to tighten oversight at HFCsThe National Housing Bank (NHB) has urged housing finance companies to strengthen their risk and audit functions following a fraud at Aviom...10 Dec, 2024, 12.38 AM IST- ESMA committed to reach new deal on clearing housesET had reported on October 9 that German lender Deutsche Bank had received approval from BaFin to carry on transacting with the Clearing Co...11 Oct, 2024, 06.16 AM IST
- Faced with RBI audit, IIFL Finance delays Board meet for earnings releaseIIFL Finance extends announcement of quarterly earnings beyond May 30 due to RBI audit, anticipates releasing results by June 30.28 May, 2024, 10.58 AM IST
- RBI plans a special audit for breaches by IIFL Finance, JM Financial Products LtdRBI initiates special audit for IIFL Finance Ltd and JM Financial Products Ltd due to gold loan concerns. Inspection revealed deviations in...25 Mar, 2024, 12.04 AM IST
- RBI to conduct special audit for regulatory breaches by IIFL Finance, JM Financial ProductsThe Reserve Bank of India has initiated special audits for IIFL Finance Ltd and JM Financial Products Ltd to further investigate regulatory...24 Mar, 2024, 03.01 PM IST
- ET analysis: RBI shows the fist to build 'future proof' digital financial ecosystemRecent penalties on financial intermediaries by the RBI under Governor Shaktikanta Das reflect the regulator's intolerance towards non-comp...07 Mar, 2024, 12.34 AM IST
- RBI bars IIFL Fin from sanctioning gold loans for supervisory concerns that ‘significantly, adversely’ affect customersThe Reserve Bank of India (RBI) directed IIFL Finance to halt sanctioning and disbursing gold loans immediately due to material supervisory...04 Mar, 2024, 05.50 PM IST
- RBI selects McKinsey and Company, Accenture Solutions to use AI, ML to improve regulatory supervisionThe Reserve Bank has selected global consultancy firms McKinsey and Company India LLP and Accenture Solutions Pvt Ltd India to develop syst...13 Aug, 2023, 04.11 PM IST
- RBI shortlists 7 global consultancy firms to use AI, ML to improve regulatory supervisionThe RBI is looking to extensively use advanced analytics, artificial intelligence and machine learning to analyse its huge database and imp...12 Dec, 2022, 07.18 AM IST
- RBI launches DAKSH application to advance supervisory process"DAKSH is a web-based end-to-end workflow application through which RBI shall monitor compliance requirements in a more focused manner with...06 Oct, 2022, 10.01 PM IST
- RBI plans to extensively use artificial intelligence, machine learning to improve regulatory supervisionWhile the RBI is already using AI and ML in supervisory processes, it now intends to upscale it to ensure that the benefits of advanced ana...05 Oct, 2022, 01.53 PM IST
- RBI to strengthen risk-based supervision of banks, NBFCsIn case of UCBs and NBFCs, the Expression of Interest (EOI) for 'Consultant for Review of Supervisory Models' said the supervisory function...02 May, 2021, 02.26 PM IST
- NBFC supervision to cover auditors, banks, rating cosRegulator looks to prevent defaults and ensure broader financial stability.25 Dec, 2019, 10.28 AM IST
- RBI clears Yes Bank of divergence chargesThere is no disparity in the bank's reporting of bad loans, known as divergence in market parlance, the RBI has held.14 Feb, 2019, 10.06 AM IST
- BSE begins work on risk-based supervision of brokersBSE has initiated a process of putting in place a new risk-based model for supervision of market entities including brokers, taking forward...11 Dec, 2014, 01.58 PM IST
- RBI switches 30 banks to risk-based supervisionRBI has switched 30 banks to risk-based supervision, indicating what could be the beginning of the regulator’s micro management of banks.03 May, 2014, 10.02 AM IST
- RBI to rope in outside consultant to help supervise banksThe Reserve Bank of India has decided to rope in a third-party consultancy firm to help it incorporate global best practices in its supervi...06 May, 2012, 04.09 PM IST
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