RBI Updates: Kisan Credit Card Scheme - Eligibility criteria for farmers engaged in fisheries/ aquaculture
Please refer to Para 3.1.1.2 of our circular dated February 04, 2019 on Kisan Credit Card (KCC) Scheme: Working Capital for Animal Husbandry and Fisheries. It has been brought to our notice that licensing/authorisation r…
Read more
RBI Updates: Lending by Commercial Banks to NBFCs and Small Finance Banks (SFBs) to NBFC-MFIs, for the purpose of on-lending to priority sectors
The lending by commercial banks to NBFCs and lending by Small Finance Banks (SFBs) to NBFC-MFIs, for the purpose of on-lending to certain priority sectors, was permitted up to March 31, 2022. To ensure continuation …
Read more
RBI Updates : Liquidity Adjustment Facility- Change in rates
It has been decided by the Monetary Policy Committee (MPC) to increase the policy Repo rate under the Liquidity Adjustment Facility (LAF) by 40 basis points from 4.00 per cent to 4.40 per cent with immediate effect. …
Read more
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…
Read more
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…
Read more
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…
Read more
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.
Read more
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 …
Read more
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…
Read more
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 …
Read moreShowing 631–640 of 669 updates