Service outages: RBI appoints firm to audit IT infra of HDFC Bank

In a notification to the exchanges, the lender said the audit will be carried out under Section 30 (1-B) of the Banking Regulation Act, 1949, at the cost of HDFC Bank under Section 30 (1-C) of the Act. “The Bank shall accordingly extend its cooperation to the external professional IT firm so appointed by RBI for conducting the special IT audit as above,” the notification said.

from Banking & Finance – The Financial Express https://ift.tt/3tmPaqz