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        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

        Provisions expressly mentioned in the judgment/order text.

        <h1>Outsourcing risk management for NBFCs: draft guidelines require safeguards, vendor controls and ongoing monitoring.</h1> Draft guidelines require NBFCs to adopt a structured framework for outsourcing of financial services, defining outsourcing as use of an affiliated or external third party to perform activities normally undertaken by the NBFC, and emphasising that the decision to outsource remains the NBFC's responsibility; where outsourcing is chosen, NBFCs must put in place safeguards and a code of conduct including vendor due diligence, contractual controls, monitoring and accountability mechanisms.

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