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RBI tells banks to put in place biz continuity plans to prevent disruption

Banks and regulated entities "should also assess the impact on their balance sheet," it said

BS Reporter 

RBI
Banks and regulated entities “should also assess the impact on their balance sheet,” it said.

The (RBI) told on Monday to take stock of critical processes and revisit their business continuity plans to prevent any disruption of services, while encouraging customers to use must constitute a quick response team, “which shall provide regular updates to the top management on significant developments and act as a single point of contact with regulators/outside institutions/agencies”, the said. and regulated entities “should also assess the impact on their balance sheet,” it said.

First Published: Tue, March 17 2020. 01:55 IST
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