It
has now been decided that, henceforth, the compliance to the Jilani Committee
recommendations need not be reported to the Audit Committee of the Board of
Directors (ACB) . However, banks should ensure that:
i)
Compliance to these recommendations are complete and
sustained,
ii) These
recommendations are appropriately factored in the internal inspection/audit
processes of banks and duly documented.
Based on the RBI notification dated
28/04/2016. Please refer www.rbi.org.in in case
of any further clarification………….. Poppy
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