RBI Update: Section 23 of the Banking Regulation Act, 1949 – Branch Authorisation Policy – Left Wing Extremism affected districts – Revised List
Please refer to the paragraph 4.2 (c) of the circular DBR.No.BAPD.BC.111/22.01.001/2017- 18 dated June 14, 2022, where a list of 90 Left Wing Extremism (LWE) affected districts in the country, based on the government of …
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RBI Update : Outsourcing of Financial Services - Responsibilities of regulated entities employing Recovery Agents
It has been observed that the agents employed by REs have been deviating from the extant instructions governing the outsourcing of financial services. In view of concerns arising from the activities of these agents, it i…
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RBI Update : Bilateral Netting of Qualified Financial Contracts - Amendments to Prudential Guidelines
It is clarified that: the exemption for foreign exchange (except gold) contracts which have an original maturity of 14 calendar days or less shall be applicable to entities calculating the counterparty credit risk u…
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RBI Update : Authorised Dealer Category-I License eligibility for Small Finance Banks
It has been decided that all the scheduled SFBs, after completion of at least two years of operations as Authorised Dealer Category-II, will be eligible for Authorised Dealer Category-I license, subject to compliance wit…
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RBI Update : Rupee Interest Rate Derivatives (Reserve Bank) Directions - Review
Please refer to Paragraph 4 of the Statement on Developmental and Regulatory Policies, issued as a part of the Bi-monthly Monetary Policy Statement for 2022-23 dated August 05, 2022 regarding permitting stand-alone prima…
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RBI Update: Change in Bank Rate
The Bank Rate is revised upwards by 50 basis points from 5.15 per cent to 5.65 per cent with immediate effect.
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RBI Update : Reserve Bank - Integrated Ombudsman Scheme, 2021 (RBIOS, 2021)
The powers conferred by sub section (1) of Section 11 of the Credit Information Companies (Regulation) Act, 2005, and in partial modification of its notification C dated November 12, 2021, the Reserve Bank of India, bein…
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RBI Update : Standing Liquidity Facility for Primary Dealers
It has been decided by the Monetary Policy Committee (MPC) to increase the policy repo rate under the Liquidity Adjustment Facility (LAF) by 50 basis points from 4.90 per cent to 5.40 per cent with immediate effect. …
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RBI Update : Liquidity Adjustment Facility- Change in rates
It has been decided by the Monetary Policy Committee (MPC) to increase the policy Repo rate under the Liquidity Adjustment Facility (LAF) by 50 basis points from 4.90 per cent to 5.40 per cent with immediate effect. …
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RBI Update : Gold Monetization Scheme (GMS), 2015
The powers conferred on the Reserve Bank of India under Section 35A of the Banking Regulation Act, 1949, the RBI makes the amendments in the Reserve Bank of India (Gold Monetization Scheme, 2015) Master Direction dated O…
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