India Account Aggregator Framework (RBI)
Chapter IV: Corporate governance and change of control – India Account Aggregator Framework (RBI)

India Account Aggregator Framework (RBI) 47: Para 47: Risk Management Committee with technology risk oversight

The NBFC-AA must form a Risk Management Committee, at Board or executive level, of at least three Board members, which weighs reputation, customer confidence, consequential impact and legal implications when deciding investment in controls and security for systems, networks, data centres, operations and backup, and oversees technology risk, ensuring the IT function can support the business strategy.

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