Question
Consider the following statements with regard to the Risk Based Internal Audit (RBI
- A Framework: i. It is mandated for all Deposit taking NBFCs. ii. It is mandated for all Non-deposit taking NBFCs (including Core Investment Companies) with asset size of ₹10,000 crore and above iii. It is mandated for All UCBs having asset size of ₹500 crore and above. iv. The RBIA policy shall be formulated with the approval of the Audit Committee Which of the above statements are true?
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