RBI Update: Revised Regulatory Framework for Urban Co-operative Banks (UCBs) – Net Worth and Capital Adequacy dated 1st December, 2022
Reserve Bank of India vide its Circular dated 1 st December, 2022 having regard to the Revised Regulatory Framework for Urban Co-operative Banks (UCBs) emanating from the recommendations of Expert Committee on Urban Co-o…
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RBI Update: Revised Regulatory Framework - Categorization of Urban Co-operative Banks (UCBs) for Regulatory Purposes dated 1 st December, 2022
Reserve Bank of India vide its Circular dated 1 st December, 2022 has provided for a tiered regulatory framework is required to balance the spirit of mutuality and co-operation more prevalent in banks of smaller sizes an…
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RBI Update: Review of norms for classification of Urban Co-operative Banks (UCBs) as Financially Sound and Well Managed (FSWM) dated 1st December, 2022
Reserve Bank of India vide its Circular dated 1 st December, 2022 decided to revise the criteria for UCBs to be classified as Financially Sound and Well Managed (FSWM) in view of Revised Regulatory Framework for Urban Co…
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RBI Update: Operations of subsidiaries and branches of Indian banks and All India Financial Institutions (AIFIs) in foreign jurisdictions and in International Financial Services Centers (IFSCs) - Compliance with statutory/regulatory norms dated 1st December, 2022
Reserve Bank of India vide its Circular dated 1 st December, 2022 having regard to the circular DBOD.No.BP.BC.89/21.04.141/2008-09 dated December 1, 2008 and circular DBOD.No.BP.BC.111/21.04.157/2013-14 dated May 12, 201…
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RBI Update- Notification of Significant Benchmark dated 1 st December, 2022
Reserve Bank of India vide its Circular dated 1 st December, 2022 notified six financial benchmarks administered by Financial Benchmarks India Pvt. Ltd. (FBIL) as ‘significant benchmark’ with regard to the Circular on Fi…
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RBI Update: Basel III Framework on Liquidity Standards – Standing Deposit Facility dated 23rd November, 2022
Reserve Bank of India vide its Circular dated 23rd November, 2022, has advised that the overnight balances held by banks with RBI under SDF shall be eligible as ‘Level 1 High Quality Liquid Assets (HQLA)’ for computation…
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RBI Update: Inclusion of Goods and Service Tax Network (GSTN) as a Financial Information Provider under Account Aggregator Framework dated 23rd November, 2022
Reserve Bank of India vide its Circular dated 23 rd November, 2022 and, with a view to facilitate cash flow-based lending to MSMEs, has decided to include Goods and Services Tax Network (GSTN) as a Financial Information …
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RBI Update: Modified Interest Subvention Scheme for Short Term Loans for Agriculture and Allied Activities availed through Kisan Credit Card (KCC) during the financial years 2022-23 and 2023-24 dated 23 rd November, 2022
Reserve Bank of India vide its Circular dated 23 rd November, 2022 having regard to the Circular FIDD.CO.FSD.BC.No.3/05.02.001/2022-23 dated April 28, 2022 , has advised that the Government of India has approved the cont…
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RBI Update: Agency Commission for Direct Tax collection under TIN 2.0 regime dated 14th November, 2022
Reserve Bank of India vide its Circular dated 14 th November, 2022 modified paragraph 21 of the ‘Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission dated April 1, 2022’ relat…
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RBI Update- Review of Regulatory Framework for Asset Reconstruction Companies (ARCs) dated 11th October 2022
Reserve Bank of India, vide its circular dated 11 th October, 2022, considering the critical role of Asset Reconstruction Companies (ARCs) in the management of distressed financial assets of banks and financial instituti…
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