RBI Updates: Loans and Advances – Regulatory Restrictions - NBFCs RBI/2022-23/29
Guidelines applicable to NBFC - Middle Layer (ML) and NBFC - Upper Layer (UL) - Regulatory Restrictions on Loans and Advances These guidelines shall be effective from October 01, 2022. Loans and advances to Director…
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RBI Updates : Consolidated Circular on Opening of Current Accounts and CC/OD Accounts by Banks
RBI issued a consolidated circular for opening and operation of current accounts and CC/OD accounts by banks with a view to enforce credit discipline amongst the borrowers as well as to facilitate better monitoring by th…
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RBI Updates: Disclosures in Financial Statements- Notes to Accounts of NBFCs
This is applicable to all NBFCs. The Annex specifies the applicability of specific disclosure requirements to specific NBFC layers as per Scale Based Regulation. It may be noted that disclosure requirements app…
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RBI Updates: Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR)
This circular is applicable to all Commercial Banks other than Regional Rural Banks, Local Area Banks and Payments Banks. In terms of the circular ibid, the assets allowed as Level 1 High Quality Liquid Assets (HQLA…
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RBI Updates: Compliance Function and Role of Chief Compliance Officer (CCO) - NBFCs
NBFC-UL and NBFC-ML shall put in place a Board approved policy and a Compliance Function, including the appointment of a Chief Compliance Officer (CCO), based on the Framework given latest by April 1, 2023 and October 1,…
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RBI Updates : Section 24 and Section 56 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR)
As announced in the Statement on Developmental and Regulatory Policies on April 08, 2022, it has been decided to institute the Standing Deposit Facility (SDF) with immediate effect. Accordingly, it is decided that t…
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RBI Updates : Individual Housing Loans – Rationalisation of Risk Weights
On rationalization of risk weights on Individual Housing Loans in terms of which risk weights were rationalised irrespective of the amount, for all new housing loans sanctioned from October 16, 2020 and up to March 31, 2…
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RBI Updates : Establishment of Digital Banking Units (DBUs)
These guidelines are applicable to all Domestic Scheduled Commercial Banks (excluding Regional Rural Banks, Payments Banks and Local Area Banks). Scheduled Commercial Banks (other than RRBs, PBs and LABs) with past …
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RBI Updates : Bank Finance to Non-Banking Financial Companies (NBFCs)
RBI vide Master Circular dated 1st April 2022 give details regarding Bank finance to non - banking Financial Companies (NBFCs) Purpose To lay down the Reserve Bank of India's regulatory policy regarding financing of NBFC…
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Framework for Geo-tagging of Payment System Touch Points
Geo-tagging refers to capturing the geographical coordinates (latitude and longitude) of payment touch points deployed by merchants to receive payments from their customers. Geo-tagging has various benefits, such as, pro…
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