Close RBI inspection findings only with tested remediation

Break each inspection observation into root cause, remediation owner, deadline and validation evidence from real cases. Regulatory Compliance can report closure to RBI once Internal Audit confirms the remediation works in practice, not just in an edited policy.

What this SOP does

Each inspection observation is broken into root cause, remediation owner and validation evidence. Closure is reported to RBI only when control owners and Compliance can show the fix working in actual cases, not just a policy edit.

People in the process

RRegulatory ComplianceProcess Owner
BBusiness ControlsParticipating Team
TTechnologyParticipating Team
IInternal AuditParticipating Team

The process is a starting point. The standards are yours.

Configure for the bank or lender’s category, permissions and applicable RBI directions. Outsourcing, customer conduct, recovery and reporting controls use the institution’s approved interpretation and delegated authority.

Keep the work connected.

Regulatory Compliance

Give RBI one sourced answer to each supervisory query

Map each question in an RBI supervisory query to the accountable owner and the records that answer it, then reconcile conflicting explanations. Regulatory Compliance can submit one consistent response and track every commitment made to the regulator for later inspections.

FROL

Regulatory Compliance

Carry new RBI directions into products and systems

When RBI issues or amends a direction, map the agreed interpretation to the affected products, customer journeys and policies, with an owner for each change. Regulatory Compliance can verify proof of adoption, close the change and track the effective date.

LPTO

Legal Recoveries

Choose SARFAESI, DRT or IBC from one enforcement file

When a loan defaults, bring the loan history, executed documents, security, certified statement of account, valuations and disputes into one account file. Legal Recoveries can confirm enforceability and limitation, and the recovery committee can choose the route before any notice issues.

CCRR

Explore all Banking & lending processes.

Order for the work. Room for the people.