RBI Update - Master Direction – Reserve Bank of India (Margining for Non-Centrally Cleared OTC Derivatives) Directions, 2024
RBI has issued Master Direction – Reserve Bank of India (Margining for Non-Centrally Cleared OTC Derivatives) Directions, 2024.These Directions shall come into force on November 08, 2024. Applicability (1) The …
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RBI Update - Master Direction – Risk Management and Inter-Bank Dealings: Amendments
Standalone Primary Dealers (SPDs) have been granted authorisation under Section 10(1) of the Foreign Exchange Management Act (FEMA), 1999 pursuant to notification no. D-19 July 27, 2018. Accordingly, amendments are being…
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RBI Update - Guidance Note on Operational Risk Management and Operational Resilience
In view of the foregoing, the Reserve Bank, through this Guidance Note on Operational Risk Management and Operational Resilience (hereafter ‘Guidance Note’) intends to: promote and further improve the effectiveness of Op…
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RBI updates - Fair Practices Code for Lenders – Charging of Interest
Fair Practices Code for Lenders – Charging of Interest The guidelines on Fair Practices Code issued to various Regulated Entities (REs) since 2003, inter-alia, advocate fairness and transparency in charging of interest b…
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RBI Update - Voluntary transition of Small Finance Banks to Universal Banks
This circular is applicable to all Small Finance Banks. Provisions With the objective of bringing better clarity, the eligibility criteria for an SFB to transition into a Universal bank will now be as follows: scheduled …
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RBI Update - Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) (Amendment) Regulations, 2024
These Regulations may be called the Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) (Amendment) Regulations, 2024 Amendment to Regulation 5 of the Principal Regulations In sub-regula…
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RBI Update - Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) (Amendment) Regulations, 2024
These Regulations may be called the Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) (Amendment) Regulations, 2024. Amendment to Regulation 3.1 of the Principal Regulations In Regul…
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RBI Update - Master Direction – Reserve Bank of India (Asset Reconstruction Companies) Directions, 2024
ARCs play a critical role in the resolution of stressed financial assets of banks and financial institutions, thereby enhancing the overall health of the financial system. To ensure prudent and efficient functioning of A…
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RBI Update - Master Circular - Bank Finance to Non-Banking Financial Companies (NBFCs)
Bank Finance to NBFCs registered with RBI The ceiling on bank credit linked to Net Owned Fund (NOF) of NBFCs has been withdrawn in respect of all NBFCs which are statutorily registered with RBI and are engaged in princ…
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RBI Update - Unauthorised foreign exchange transactions
The Reserve Bank of India (RBI) has come across instances of unauthorised entities offering foreign exchange (forex) trading facilities to Indian residents with promises of disproportionate/exorbitant returns. In th…
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