The RBI, which has been concerned about financial institutions outsourcing various core activities such as booking fixed deposits, sanctioning buy-now-pay-later loans and credit card onboarding, is looking to ensure that contracting out of services does not lead to abuse by non-regulated entities.
source https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-should-not-outsource-core-activities-cautions-rbi/articleshow/95967503.cms
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