Co-operative banks: RBI issues guidelines to manage risk arising from outsourcing

The regulator specified that a bank shall retain ultimate control of outsourced activities. Co-operative banks will now have to conduct a self-assessment of their existing outsourcing arrangements and bring the same in line with the guidelines released on Monday within six months.

from The Financial Express https://ift.tt/3y5N1kD
https://ift.tt/eA8V8J FE Bureau