The RBI mandates that NBFCs within bank groups must follow commercial bank financial service guidelines for overlapping activities. The update ensures uniform regulation and avoids regulatory arbitrage.
The RBI amends provisions governing Non-Operative Financial Holding Companies, clarifying which activities belong within the bank and which must be undertaken through subsidiaries. The ruling reinforces restrictions on activities not permitted to banks.
The authority directed field formations to stop collecting anti-dumping duty on titanium dioxide from China PR after the High Court quashed the earlier notification. The ruling requires immediate compliance and halts all such duty collections.
RBI’s 2025 amendment mandates expanded free facilities, clearer withdrawal rules, and stronger customer rights for BSBD accounts. Banks must provide essential services without minimum balance requirements.
RBI’s 2025 amendment mandates uniform, customer-friendly BSBD facilities in SFBs, including free ATM cards, cheque books, and digital banking without minimum balance requirements.
RBI revises BSBD norms for Payments Banks, mandating free essential services, flexible withdrawals, and no minimum balance requirements to enhance financial inclusion.
RBI mandates LABs to offer free BSBD services with ATM cards, cheque books, digital banking, and no minimum balance, enhancing financial inclusion.
RBI mandates RRBs to offer free BSBD services with ATM cards, cheque books, digital banking, and no minimum balance, enhancing financial inclusion.
RBI mandates UCBs to offer free BSBD services with ATM cards, cheque books, digital banking, and no minimum balance, boosting financial inclusion.
RBI mandates RCBs to provide free BSBD services, including ATM cards, cheque books, and digital banking, with no minimum balance to enhance financial inclusion.
