RBI asks urban cooperative banks to implement system-based asset classification from June 2021

UCBs having total assets of over Rs 1,000 crore but less than Rs 2,000 crore as on March 31, 2020 and having self-assessed themselves as being under Level III or Level IV on the Comprehensive Cyber Security Framework will be required to implement system-based asset classification from September 30, 2021.

from Banking & Finance – The Financial Express https://ift.tt/2FftqIJ