Private bank boards urge RBI to address workload management concerns

Q: How long will it take to read this news story?

The story "Private bank boards urge RBI to address workload management concerns" has 572 words across 22 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Private bank boards urge RBI to address workload management concerns" was covered 8 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 295 news stories per day. It's most recent story was published 5 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23664498</li><li>URL: https://beamstart.com/news/private-bank-boards-urge-rbi-17319429419696</li></ul>

Business Standard Logo Business Standard 8h ago

Private bank boards urge RBI to address workload management concerns - Business Standard

Quick Summary:

They asked the banks to proactively reach out to customers, emphasising that freezing bank accounts due to outdated KYC information is not an option.

In his speech at the conference, Governor Das emphasised the need for boards to adopt a proactive approach in identifying and addressing potential challenges.

RBI has asked the banks to allocate sufficient resources for cybersecurity-related issues.“They have emphasised the need for banks to monitor outsourced entities closely, so they do not become a source of risk,” another banker said.