India's risk-based internal audit requirement for NBFCs is credit positive: Moody's

The framework requires an NBFC's internal audit function to assess risks independently of its existing risk-management functions. The new guidelines will apply to all deposit-taking NBFCs or NBFCs with assets of more than Rs 50,000 crore as of March 31, 2022.

from Economy-News-Economic Times https://ift.tt/2N15HzY