Direction on Outsourcing of Information Technology Services Conclusion Contributors 3 3 3 4 15 15 WH I TE P AP ER | 2 VMware Cloud on AWS Introduction In April 2023, the Reserve Bank of India (RBI) published the guidelines for regulated entities (RE) on managing...
Innovation has allowed new ways for credit delivery to be fashioned, and the RBI guidelines now ensure that any abuse by the players involved is prevented and the borrower is secure. It is clear that the same will apply for any kind of fintech innovation, and the customer’s protection will...
Released on June 8, 2023, the DLG guidelines abrogate RBI’s previous decision to classify DLG agreements under synthetic securitization or subject them to the provisions of full loan participation. Under either of these tenets, the entire loan amount was guaranteed to the bank by any entity off...
20. Outsourcing of activities Card-issuers shall also be liable for the acts of the co-branding partner. The card-issuer shall ensure adherence to the guidelines on ‘Managing Risks and Code of Conduct in Outsourcing of Financial Services by banks’, as amended from time t...
Any non-compliance discovered in a TSP will likely have an adverse effect on an FIU, he noted. The RBI does not regulate TSPs directly, they “get covered under the outsourcing arrangement that each of the regulators have for their regulated entities,” Singh mentioned. ...
UMB Securities, Anashri Finvest, Chadha Finance, Alexcy Tracon and Jhuria Financial Services are the NBFCs whose CoRs were cancelled. The licences ofNBFCshave been cancelled for violating RBI guidelines on outsourcing and Fair Practices Code in their digital lending operations. ...
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