Day: January 7, 2021

Reserve Bank of India

India Bank Regulator Pushes for Banks to Step Up Internal Audit Practices

The Reserve Bank of India called on India-based banks to align their internal audit functions with international best practices, such as those issued by the Basel Committee on Banking Supervision (BCBS). According to a 2002 guidance note, India banks are required to put in place a risk-based internal audit system Read More