RBI Update: Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2022-23)
RBI vide its Notification dated 23th March 2023 to all Bank Agency Notification States: All government transactions done by agency banks for the Financial Year 2022-23 must consider with the same financial year. Followin…
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RBI Update: Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2022-23)
RBI vide its Notification dated 23th March 2023 to all Bank Agency Notification States: All government transactions done by agency banks for the Financial Year 2022-23 must consider with the same financial year…
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RBI Updates - Reporting and Accounting of Central Government transactions for March 2023
RBI vide its Notification dated 16 th March, 2023 to All Agency Banks The Notification States: Circular dated February 24, 2022 is about the procedure to be followed for reporting and accounting of central gove…
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RBI Update - Implementation of Section 51A of UAPA,1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Amendments to 102 entries.
RBI vide its Notification dated 17th March 2023 to Chairpersons/ CEOs of all the Regulated Entities. Notification States : To refer section 51 Master Direction on Know Your Customer dated February 25, 2016 as amende…
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RBI Update- Designation of 1 individual and 2 organisations under Section 35(1) (a) and 2(1) (m) of the Unlawful Activities (Prevention) Act, 1967 and their listing in the Fourth and First Schedule of the Act- Reg.- 28th February, 2023
Reserve Bank of India vide its Circular dated 28 th February, 2023 has referred to Section 53 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on May 10, 2021 wherein it has directed that …
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RBI Update- Governance, measurement and management of Interest Rate Risk in Banking Book- 17th February, 2022
Reserve Bank of India on 17 th February, 2023 issued a Circular regarding Governance, measurement and management of Interest Rate Risk in Banking Book. Interest Rate Risk in Banking Book (IRRBB) refers to the curren…
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RBI Update- Reserve Bank of India (Financial Statements - Presentation and Disclosures) Directions, 2021 – Disclosures for State Co-operative Banks and Central Co-operative Banks- 20th February, 2023
Reserve Bank of India vide its Circular dated 20th February, 2023 notified that state co-operative banks and central co-operative banks have to make disclosures in their financial statements. Further, in consultatio…
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RBI Update- Implementation of Indian Accounting Standards (Ind AS)- 20th February, 2023
Reserve Bank of India issued a Circular dated 20 th February, 2023 regarding the Implementation of Indian Accounting Standards (Ind AS). This has a reference to circular DOR (NBFC).CC.PD.No.109/22.10.106/2019-20 dated Ma…
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RBI Update- Exim Bank’s GOI-supported Line of Credit (LOC) for USD 100 million to the Government of the Republic of Maldives (GO-MDV), for financing new developmental projects and to meet spill over costs from developmental projects in Maldives already included under Lines of credit extended to GO-MDV by Exim Bank- 16th February, 2023.
Export-Import Bank of India (Exim Bank) has entered into an agreement dated October 02, 2022 with the Government of the Republic of Maldives, for making available to the latter, Government of India supported Line of Cred…
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RBI Update- Introduction of Foreign Contribution (Regulation) Act (FCRA) related transaction code in NEFT and RTGS Systems- 16th February, 2023
Reserve Bank of India vide its Circular dated 16 th February, 2023 regarding the introduction of Foreign Contribution (Regulation) Act (FCRA) related transaction code in NEFT and RTGS Systems. Currently,foreign cont…
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