Read more about Reserve bank s special credit window for hotels, salons starts Monday on Business Standard. The facility will be open till March 31, 2022, said an RBI statement.
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The data governance market is expected to register a CAGR of over 21.44%, during the forecast period, 2021 – 2026, and it is expected to reach a value of USD 5.28 billion by 2026.
The amount of data created by devices is nearly 100 times greater than the amount of data stored, according to the Cisco Global Cloud Index. According to Forbes, there are 2.5 quintillion bytes of data created each day at the current pace, but that pace is only accelerating the growth of the Internet of Things (IoT).
According to the Aureus Analytics report, the world’s data volume is expected to grow by 40% per year and 50 times by 2020. Human and machine-generated data are experiencing an overall growth of data, 10 times larger than traditional business data. With the growing new technologies, such as IoT and the artificial intelligence companies, such as Walmart, are adopting data governance solutions to ensure enterprise data is authorized and organized in a d
The Reserve Bank of India constituted committee on Asset Reconstruction Companies (ARCs) has invited ARCs, market participants and other stakeholders to share their views and suggestions on the issue of working of such companies.The committee, .
RBI sets norms for appointing bank auditors
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RBI logo. | Photo Credit: REUTERS
The Reserve Bank of India (RBI) on Tuesday issued guidelines for appointment of statutory central auditors (SCAs) and statutory auditors (SAs) of commercial banks (excluding regional rural banks), urban co-operative banks (UCBs) and NBFCs (including Housing Finance Companies) with a view to improve the quality of financial reporting of supervised entities and to harmonise guidelines on appointment of their SAs.
This was as per the announcement made in the Statement on Developmental and Regulatory Policies issued on December 4, 2020.
“These guidelines provide necessary instructions for appointment of SCAs/SAs, the number of auditors, their eligibility criteria, tenure and rotation while ensuring the independence of auditors,” RBI said in a circular.