RBI Update - Master Direction – Reserve Bank of India (Commercial Paper and Non-Convertible Debentures of original or initial maturity up to one year) Directions, 2024
RBI on January 03, 2024 has issued revised Master Direction – Reserve Bank of India (Commercial Paper and Non-Convertible Debentures of original or initial maturity upto one year) Directions, 2024. The master directions …
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RBI Update - Inoperative Accounts /Unclaimed Deposits in Banks- Revised Instructions
It has been decided to issue comprehensive guidelines on the measures to be put in place by the banks covering various aspects of classifying accounts and deposits as inoperative accounts and unclaimed deposits, as the c…
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RBI Update - Review of Instructions on Bulk Deposits for Urban Co-operative Banks (UCBs)
It has been decided to enhance the bulk deposit limit for Scheduled Primary (Urban) Co-operative Banks, in Tier 3 and 4, to Rupees one crore and above. Accordingly, “Bulk Deposit” for Primary (Urban) Co-operative Banks w…
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RBI Update - Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR) – Review of National Development Banks
It has been decided that the other All India Financial Institutions (AIFIs) i.e. EXIM Bank and National Bank for Financing Infrastructure and Development (NaBFID) shall also be considered as National Development Banks (N…
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RBI Update - Master Direction - Reserve Bank of India (Internal Ombudsman for Regulated Entities) Directions, 2023
The RBI issued the Master Direction - Reserve Bank of India (Internal Ombudsman for Regulated Entities) Directions, 2023. Applicability (1) These Directions shall apply to (a) Banks as defined under clause…
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RBI Update - Fair Lending Practice - Penal Charges in Loan Accounts: Extension of Timeline for Implementation of Instructions
It has been decided to extend the timeline for implementation of the instructions by three months. Accordingly, Regulated entities (REs) shall ensure that the instructions are implemented in respect of all the fresh loan…
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RBI Update - Payments Infrastructure Development Fund – Extension of Scheme and Enhancements
To provide impetus to deployment of acceptance infrastructure, the following enhancements are being made to the Scheme: The beneficiaries identified as part of the PM Vishwakarma Scheme, across the country, shall …
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RBI Update - Classification of MSMEs
The Master Direction- Lending to Micro, Small & Medium Enterprises (MSME) Sector: Existing para Revised para Para 2.2: All the above enterprises are required to register online on the Udyam Registration portal and o…
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RBI Update - MHP Exemption for Transfer of Receivables
It has been decided that transfer of such receivables by eligible transferors will be exempted from Minimum Holding Period (MHP) requirement, subject to fulfilment of the following conditions The residual maturity o…
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RBI Update - Reserve Bank of India (Financial Benchmark Administrators) Directions, 2023
These Directions shall be called the Reserve Bank of India (Financial Benchmark Administrators) Directions, 2023 ‘Financial Benchmark Administrator’ (FBA) means a person who controls the creation, operation and administr…
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