https://www.taxtmi.com/news?id=27493 NBFCs' rapid credit expansion requires strengthened assurance functions-risk management, internal audit and compliance-with preserved independence, direct board access and sufficient resourcing. Assurance must progress from box ticking to root cause analysis and capability building. Priority oversight areas include cybersecurity resilience, validation and calibration of rule based credit models, concentration and maturity mismatches leading to liquidity risk, and customer protection through transparent pricing and fair charging practices; supervisory review will assess substance over form to prevent regulatory circumvention. en-us Thu, 16 May 2024 18:18:32 +0530 Thu, 16 May 2024 18:18:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=27493 NBFCs' rapid credit expansion requires strengthened assurance functions-risk management, internal audit and compliance-with preserved independence, direct board access and sufficient resourcing. Assurance must progress from box ticking to root cause analysis and capability building. Priority oversight areas include cybersecurity resilience, validation and calibration of rule based credit models, concentration and maturity mismatches leading to liquidity risk, and customer protection through transparent pricing and fair charging practices; supervisory review will assess substance over form to prevent regulatory circumvention. News - Thu, 16 May 2024 18:18:32 +0530 https://www.taxtmi.com/news?id=27493