The Reserve Bank of India (RBI) has warned the nation’s finance sector that outsourcing information technology jobs could “expose them to significant financial, operational and reputational risks.” The RBI offered that opinion last week in a Statement on Developmental and Regulatory Policies that, after considering issues such as emergency lending for healthcare infrastructure and reform of default credit swaps, wends its way to a “Master Direction on IT Outsourcing and Master Direction on Information Technology Governance, Risk, Controls and Assurance Practices.”

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