Banking · Risk-Based Internal Audit
Under the Risk-Based Internal Audit (RBIA) framework mandated by the RBI, banks are required to categorize their branches into different risk categories. If a branch is categorized as 'High Risk', what is the maximum permissible interval between two consecutive internal audits for that specific branch?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Once every 18 months
- 2Once every 12 months✓
- 3Once every 6 months
- 4Once every 24 months
Correct answer
Once every 12 months
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