RBI Master 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) o...
The RBI has provided directions for those operating AePS terminals. It stated that the bank responsible must carry out due diligence of all AePS touchpoint operators according to Master Direction – Know Your Customer (KYC) Direction, 2016. Largely, the directions call for conducting KYC throughAa...
Based on the review of the earlier Master Directions, Circular and emerging issues, these revised Master Directions have been prepared. These Master direction are principle-based. They strengthen the role of the Board in overall governance as well as oversight of fraud risk management in REs. Thes...