RBI Update - Prompt Corrective Action (PCA) Framework for Primary (Urban) Co-operative Banks (UCBs)
The existing Supervisory Action Framework (SAF) for UCBs has since been reviewed. Accordingly, the revised framework replacing the SAF, under the nomenclature Prompt Corrective Action (PCA) Framework is issued. The …
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RBI Update - Small Value Loans – Primary (Urban) Co-operative Banks (UCBs)
UCBs were required, inter alia , to have at least 50 per cent of their aggregate loans and advances comprising of Small Value Loans, i.e., loans of value not more than ₹25 lakh or 0.2 per cent of their Tier I capital, wh…
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RBI Update - Bank Finance against Shares and Debentures
Primary (Urban) Co-operative Banks (UCBs) were advised that the aggregate of their all loans against the security of shares and debentures should be within the overall ceiling of 20 percent of their owned funds. It …
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RBI Update - Domestic Money Transfer – Review of Framework
The framework for Domestic Money Transfer (DMT) was introduced in 2011, vide RBI circular dated October 5, 2011. There has been significant increase in the availability of banking outlets, developments in payment systems…
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RBI Update - Master Directions on Fraud Risk Management in Non-Banking Financial Companies (NBFCs) (including Housing Finance Companies)
These Directions shall be called the Reserve Bank of India (Fraud Risk Management in NBFCs) Directions, 2024. Applicability The provisions of these Directions shall, unless otherwise provided, apply to: Al…
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RBI Update - Master Directions on Fraud Risk Management in Urban Cooperative Banks (UCBs) / State Cooperative Banks (StCBs) / Central Cooperative Banks (CCBs)
These Directions shall be called the Reserve Bank of India (Fraud Risk Management in UCBs / StCBs / CCBs) Directions, 2024. Applicability The provisions of these Directions shall, unless otherwise provided, app…
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RBI Update - Master Directions on Fraud Risk Management in Commercial Banks (including Regional Rural Banks) and All India Financial Institutions
These Directions shall be called the Reserve Bank of India (Fraud Risk Management in Commercial Banks (including Regional Rural Banks) and All India Financial Institutions) Directions, 2024 Applicability The pr…
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RBI Update - Basel III Capital Regulations - Eligible Credit Rating Agencies (ECAI)
Banks are hereby permitted to use the ratings of the CRA for risk weighting their claims for capital adequacy purposes, subject to the following: In respect of fresh rating mandates, rating may be obtained from th…
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RBI Update - Remittances to International Financial Services Centres (IFSCs) under the Liberalised Remittance Scheme (LRS)
It has been decided that Authorised Persons may facilitate remittances for all permissible purposes under LRS to IFSCs for: Availing financial services or financial products as per the International Financial Serv…
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RBI Update - Export-Import Bank of India’s GOI-supported Line of Credit of USD 2.50 mn to the Government of Co-operative Republic of Guyana, for installation of Solar Photo Voltaic Power Plant at Cheddi Jagan International Airport
Export-Import Bank of India (Exim Bank) has entered into an agreement dated February 29, 2024 with the Government of the Co-operative Republic of Guyana (GO-GUY), for making available to the latter, Government of India s…
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