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Saturday, 28 June, 2025

RBI rolls out new norms for banks, NBFCs on model risks in credit

The Reserve Bank of India (RBI) on Monday issued a circular to all banks and NBFCs, introducing new regulatory principles for management of model risks in credit, with a view to ensuring prudence and robustness in the process.

RBI rolls out new norms for banks, NBFCs on model risks in credit

Photo: Reserve Bank of India