RBI Update - Status of March 31, 2024 for Government transactions through integration with e-Kuber
The ‘e-Kuber’ which is the Core Banking Solution platform of RBI for Government and other payments does not process any Government transactions on Global holidays (which are 26th January 15th August 2nd October, all 2nd …
Read more
RBI Update - Display of information - Secured assets possessed under the SARFAESI Act, 2002
It has been decided that the Regulated Entities (REs) of the Reserve Bank which are secured creditors as per the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, …
Read more
RBI Update- Data Quality Index for Commercial and Microfinance Segments by Credit Information Companies
It has been decided that Credit Information Companies (CICs) shall prepare Data Quality Index (DQIs) for the Commercial and Microfinance segments respectively. CICs shall provide the DQIs for Commercial and Microfinance …
Read more
RBI Update -Master Direction - Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2023
The Reserve Bank of India has, from time to time, issued several guidelines/instructions/directives to the banks on Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks. To e…
Read more
RBI Update - Responsible Lending Conduct – Release of Movable / Immovable Property Documents on Repayment/ Settlement of Personal Loans
The Regulated Entities (RE) shall release all the original movable/immovable property documents and remove charges registered with any registry within a period of 30 days after full repayment/ settlement of the loan acco…
Read more
RBI Update - Operation of Pre-Sanctioned Credit Lines at Banks through Unified Payments Interface (UPI)
The Statement on Developmental and Regulatory Policies dated April 06, 2023, expanding the scope of UPI by enabling transfer to / from pre-sanctioned credit lines at banks. Currently, savings account, overdraft account, …
Read more
RBI Update - Enhancing Transaction Limits for Small Value Digital Payments in Offline Mode
As announced in the Statement on Development and Regulatory Policies dated August 10, 2023, the upper limit of an offline payment transaction is increased to ₹500. https://www.rbi.org.in/Scripts/NotificationUser.asp…
Read more
RBI Update- Review of Regulatory Framework for IDF-NBFCs
Infrastructure Debt Fund-NBFCs (IDF-NBFCs) will now be required to have a net owned fund (NOF) of at least Rs 300 crore. Besides, they should have a capital-to-risk weighted assets ratio (CRAR) of a minimum of 15 per cen…
Read more
RBI Update- Reset of Floating Interest Rate on Equated Monthly Instalments (EMI) based Personal Loans
Regulated Entities are advised to put in place an appropriate policy framework meeting the following requirements for implementation and compliance: At the time of sanction, REs shall clearly communicate to the bo…
Read more
RBI Update -Fair Lending Practice - Penal Charges in Loan Accounts
On a review of the practices followed by REs for charging penal interest/charges on loans, the following instructions are issued for adoption. (i) Penalty, if charged, for non-compliance of material terms and condit…
Read moreShowing 331–340 of 506 updates