RBI Update: Guidelines on Digital Lending
Government of India has made a reference in para 7 of the RBI Press Release “Recommendations of the Working Group on Digital Lending – Implementation” dated August 10, 2022. Further, Regulated Entities (REs) are advised …
Read more
RBI Update: Foreign Exchange Management (Overseas Investment) Directions, 2022
Government of India has squash Notification No. FEMA 120/2004-RB dated July 07, 2004 (Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Amendment) Regulations, 2004) and Notification No. FEMA 7 (R)…
Read more
RBI Update: Foreign Exchange Management (Overseas Investment) Regulations, 2022
Government of India has inserted new regulations which may be called the Foreign Exchange Management (Overseas Investment) Regulations, 2022. These Regulation Includes namely: Financial commitment by Indian entity by mod…
Read more
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 …
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
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.
Read more
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…
Read moreShowing 581–590 of 669 updates