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Reserve Bank of India extends risk-based internal audit norms to HFCs The housing finance companies have been asked to put in place a RBIA framework by June 30, 2022 File photo The Reserve Bank of India (RBI) on Friday extended risk-based internal audit (RBIA) system for housing finance companies to enhance quality and effectiveness of their internal audit system. The provisions will apply to all deposit-taking housing finance companies irrespective of their size, as well as non-deposit-taking housing finance companies with asset size of Rs 5,000 crore and above, the RBI said in a statement. The housing finance companies have been asked to put in place a RBIA framework by June 30, 2022. An effective RBIA is an audit methodology that links an organisation s overall risk management framework and provides an assurance to the board of directors and senior management on quality and effectiveness of an organisation s internal controls, risk management and governance-related systems and

Reserve bankReserve bank of indiaHousing finance companiesRbia frameworkRisk management frameworkஇருப்பு வங்கிஇருப்பு வங்கி ஆஃப் இந்தியாவீட்டுவசதி நிதி நிறுவனங்கள்ஆபத்து மேலாண்மை கட்டமைப்பு