Sunday, April 30, 2017

Compliance with Ghosh Committee Recommendations

It has now been decided that henceforth the compliance to Ghosh committee recommendations need not be reported to the audit committee of the Board. However Banks are advised to ensure that the recommendations are duly complied with and compliance to these recommendations are made a part of the Internal Audit. It is also expected that the recommendations are incorporated in the manual of instructions too.
Such guidelines were also issued with respect to Jilani committee recommendations vide rbi circular dated 28/4/16.
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Based on rbi circular dated 20/04/2017. For any further clarification in the matter please refer www.rbi.org.in........................Poppy


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