RBI to issue guidelines to regulate banks outsourcing business

“Regulated entities are increasingly using outsourcing as a means for reducing costs as well as for availing expertise not available internally,” governor Das said after the post policy announcement. “Although outsourcing of a permissible activity is an operational decision of regulated entities, it exposes them to various risks.”

from Banking/Finance-Industry-Economic Times https://ift.tt/XrBQqjJ