The Reserve Bank of India (RBI) on October 10, 2024, issued the Update on the Master Direction - Standalone Primary Dealers (Reserve Bank) Directions, 2016.
The following has been stated namely: -
• The following has been inserted under the applicability namely: -
“Guidance Note on Operational Risk Management and Operational Resilience
SPDs may make use of the ‘Guidance Note on Operational Risk Management and Operational Resilience’ dated April 30, 2024, as amended from time to time”
[Notification No. RBI/DNBR/2016-17/42]