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…
Read more
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…
Read more
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…
Read more
RBI Update- Multiple NBFCs in a Group: Classification in Middle Layer dated 11th October, 2022
Reserve Bank of India, vide its Circular dated 11 th October, 2022, made a reference to para 1 of the Annex to the Circular on “Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs” issued on October 22…
Read more
RBI Update: Reserve Bank of India (Unhedged Foreign Currency Exposure) Directions, 2022 dated 11 th October, 2022
Reserve Bank of India has received references from banks seeking clarification on various aspects including inter-alia clarity in the definition of ‘entities’ for which banks shall assess UFCE, exempted exposures / entit…
Read more
RBI Update- Reserve Bank of India (Financial Statements - Presentation and Disclosures) Directions, 2021 - Disclosure of Divergence in Asset Classification and Provisioning dated 11 th October, 2022
Reserve Bank of India, vide its Circular dated 11 th October, 2022, requires Commercial banks (excluding Regional Rural Banks (RRBs) to disclose details of divergence in asset classification and provisioning where such d…
Read more
RBI Update- Diversification of activities by SPDs – Review of permissible non-core activities dated 11th October, 2022
Reserve Bank of India, vide its Circular dated 11 th October, 2022, made a reference to circular DNBR (PD) CC.No.094/03.10.001/2018-19 dated July 27, 2018 in terms of which SPDs, as part of their non-core activities, are…
Read more
RBI Update- Diversification of activities by SPDs – Review of permissible non-core activities dated 11th October, 2022
Reserve Bank of India, vide its Circular dated 11 th October, 2022, made a reference to circular DNBR (PD) CC.No.094/03.10.001/2018-19 dated July 27, 2018 in terms of which SPDs, as part of their non-core activities, are…
Read more
Exim Bank’s GOI-supported Line of Credit of USD 448 million to the Government of Republic of Uzbekistan for Social Infrastructure and Other Development Projects
EXIM Bank has entered into an agreement dated December 10, 2020 with the Government of Republic of Uzbekistan to make available to it, Government of India supported Line of Credit (LoC) of USD 448 million (USD Four Hundr…
Read more
Rupee Drawing Arrangement - Enabling Bharat Bill Payment System (BBPS) to process cross-border inbound Bill Payments
Government of India has decided to allow foreign inward remittances received under the Rupee Drawing Arrangement (RDA), to be transferred to the KYC compliant bank account of the biller (beneficiary) through Bharat Bill …
Read moreShowing 571–580 of 669 updates