Tuesday, July 24, 2007
Reserve Bank of India (RBI) Staff Alarmed Over Outsourcing
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Reserve Bank of India (RBI) Staff Alarmed Over Outsourcing
BS Reporter / Mumbai/ Ahmedabad July 24, 2007
The All India Reserve Bank Employees Association (AIRBEA) held a meeting to discuss Reserve Bank of India’s (RBI) policies and its decision to outsource important functions. AIRBEA expressed concern over the plan to hand over the sensitive job of inspection and audit of bank branches to chartered accountant firms.
RBI is the regulator of the banking system in India. The supervision of banks (inspection and auditing of bank branches) is reported to be handed over to private chartered accountant firms. There are 50,000 branches of commercial banks to be supervised by RBI.
Another important function the RBI is reported to be considering outsourcing to a private company called ‘National Payments Corporation of India’. A bill to this effect is being placed before the Parliament.
Read the full report from here @ Business Standard
Click on the labels below for more posts on those categories
See also outsourcing updates for related categories: Banking
Reserve Bank of India (RBI) Staff Alarmed Over Outsourcing
BS Reporter / Mumbai/ Ahmedabad July 24, 2007
The All India Reserve Bank Employees Association (AIRBEA) held a meeting to discuss Reserve Bank of India’s (RBI) policies and its decision to outsource important functions. AIRBEA expressed concern over the plan to hand over the sensitive job of inspection and audit of bank branches to chartered accountant firms.
RBI is the regulator of the banking system in India. The supervision of banks (inspection and auditing of bank branches) is reported to be handed over to private chartered accountant firms. There are 50,000 branches of commercial banks to be supervised by RBI.
Another important function the RBI is reported to be considering outsourcing to a private company called ‘National Payments Corporation of India’. A bill to this effect is being placed before the Parliament.
Read the full report from here @ Business Standard
Click on the labels below for more posts on those categories
Labels: banks-asia, banks-india, finance-asia, finance-india, india, opposition
PermaLink - Reserve Bank of India (RBI) Staff Alarmed Over Outsourcing posted by Ecacofonix : 7:42 AM
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