RBI Updates : Standing Liquidity Facility for Primary Dealers
The policy repo rate under the Liquidity Adjustment Facility (LAF) has been increased by 40 basis points to 4.40 per cent from 4.00 per cent with immediate effect. The Standing Liquidity Facility provided to Primary…
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RBI Updates : Change in Bank Rate
The Bank Rate is revised upwards by 40 basis points from 4 .25 per cent to 4.65 per cent with immediate effect. Penal Interest Rates which are linked to the Bank Rate Item Existing Rate Revised Rate (With immed…
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RBI Updates : Maintenance of Cash Reserve Ratio (CRR)
It has been decided to increase the Cash Reserve Ratio (CRR) of all banks by 50 basis points from 4.00 percent to 4.50 percent of their Net Demand and Time Liabilities (NDTL), effective from the reporting fortnight begin…
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RBI Updates: Review of Minimum Investment Grade Credit Ratings for Deposits of NBFCs
It has been decided that the minimum investment grade credit rating for deposits of NBFCs shall be ‘BBB –’ from any of the SEBI-registered Credit Rating Agencies.
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RBI Updates : Guidelines on Compensation of Key Managerial Personnel (KMP) and Senior Management in NBFCs
The guidelines are intended only for providing broad guidance to NBFCs and their NRCs in formulating their compensation policy. While formulating the compensation policy, it has to be ensured that all statutory mandates …
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RBI Updates: Modified Interest Subvention Scheme for Short Term Loans for Agriculture and Allied Activities availed through Kisan Credit Card (KCC) during the financial year 2021-22
RBI on 29th April 2022 modified norms for banks to claim the amount of interest subvention provided to farmers under the short-term crop loan scheme through Kisan Credit Card (KCC) during the last fiscal.Pending claims f…
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RBI Updates: Credit Card and Debit Card – Issuance and Conduct Directions, 2022
(a) These Directions shall be called the Reserve Bank of India (Credit Card and Debit Card – Issuance and Conduct) Directions, 2022. (b) These Directions shall be effective from July 01, 2022. Applicability …
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RBI Updates: Legal Entity Identifier (LEI) for Borrowers
It has been decided that the guidelines on LEI stand extended to Primary (Urban) Co-operative Banks (UCBs) and Non-Banking Financial Companies (NBFCs). It is further advised that non-individual borrowers enjoying aggrega…
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RBI Updates: Large Exposures Framework for Non-Banking Financial Company - Upper Layer (NBFC-UL)
The guidelines shall be applicable to NBFC-UL, both at the solo level and at the consolidated (group) level. Exposure shall comprise both on and off-balance sheet exposures by the NBFC-UL. NBFC-UL’s exposure to all …
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RBI Updates: Scale Based Regulation (SBR) for NBFCs: Capital requirements for Non-Banking Finance Companies – Upper Layer (NBFC-UL)
A Revised Regulatory Framework for NBFCs. This is applicable to all NBFCs identified as NBFC-UL, except Core Investment Companies (CICs). NBFC-UL shall maintain Common Equity Tier 1 capital of at least 9 per ce…
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