Monday, June 28, 2021

Co-op banks shall not outsource core management functions: RBI

Issuing guidelines for managing risk in outsourcing of financial services by cooperative banks, the central bank said the lenders can hire experts, including former employees, on a contractual basis subject to certain conditions.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/co-op-banks-shall-not-outsource-core-management-functions-rbi/articleshow/83925005.cms

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