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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RBI Update: Classification, Valuation, and Operation of Investment Portfolio of Commercial Banks (Directions), 2021 - Amendment
RBI through its Master Direction dated March 23, 2022, has brought various amendments related to ‘Classification, Valuation, and Operation of Investment Portfolio of Commercial Banks (Directions), 2021’. The Master …
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RBI Updates : Master Direction - Reserve Bank of India (Regulatory Framework for Microfinance Loans) Directions, 2022
The Reserve Bank has issued Reserve Bank of India (Regulatory Framework for Microfinance Loans) Directions, 2022 for regulating microfinance loans. The Directions will come into force from April 01, 2022. Key Points…
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RBI Update: Implementation of ‘Core Financial Services Solution’ by Non-Banking Financial Companies (NBFCs)
Dear All, A Revised Regulatory Framework for NBFCs’ in terms of Implementation of ‘Core Financial Services Solution’ by Non-Banking Financial Companies states that NBFCs with 10 and more branches are mandated to ado…
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