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Das: Fintechs should set up self-regulatory body in a year

India Business News: MUMBAI: RBI governor Shaktikanta Das on Wednesday asked the fintech sector to establish a self-regulatory organisation (SRO) within a year to reduce t. ....

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RBI assigns additional responsibilities to 3 deputy governors as M K Jain demits office

Deputy Governor Jain was looking after departments of Co-ordination, Central Security Cell, Consumer Education and Protection Department, Department of Supervision, Financial Inclusion and Development Department, and Human Resource Management. ....

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Mk Jain: Corporate governance root of supervisory concerns: RBI deputy governor MK Jain

Jain who is incharge of the supervision, financial inclusion and consumer protection departments among others at the RBI said corporate governance is invariably the root cause of supervisory concerns. Supervisors must closely examine the business models adopted by banks and meticulously assess whether these models align with the institutions risk appetite, he said. ....

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Examine if business models aligned with risk appetite: RBI's M K Jain

He also said that the supervisors need to examine IT issues holistically to determine whether banks have the capacity to develop robust IT systems that align with their business strategies ....

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Cabinet Secy Panel To Interview 5 Short listed Candidates For RBI s Deputy Governor Post

Five candidates including a non-executive chairman of a public sector bank have been shortlisted for the post to be interviewed by the Financial Sector Regulatory Appointment Search Committee (FSRASC) headed by Cabinet Secretary in Delhi.

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