Reserve Bank of India RBI/2022-23/130 DOR.ACC.REC.No.74/21.04.018/2022-23 October 11, 2022 Madam / Dear Sir, Reserve Bank of India (Financial Statements – Presentation and Disclosures) Directions, 2021 – Disclosure of Divergence in Asset Classification and Provisioning In terms of paragraph C.4(e) of Annexure III to the Reserve Bank of India (Financial Statements-Presentation and Disclosures) Directions, 2021, commercial banks […]
If the consolidated asset (consolidation as per para 2 above) size of the Group is ₹1000 crore and above, then each Investment and Credit Company (NBFC-ICC), Micro Finance Institution (NBFC-MFI), NBFC-Factor and Mortgage Guarantee Company (NBFC-MGC) lying in the Group shall be classified as an NBFC in the Middle Layer
SPDs shall adhere to prudential regulations and other instructions contained in circular related to foreign exchange activities and other associated guidelines applicable to SPDs.
RBI permits SPD to offer foreign exchange products, as allowed from time to time, to their Foreign Portfolio Investor (FPI) clients.
International Financial Services Centres Authority, (Setting up and Operation of International Branch Campuses and Offshore Education Centres) Regulations, 2022
These regulations may be called the Food Safety and Standards (Approval for Non-Specified Food and Food Ingredients) First Amendment Regulations, 2022.
It is observed that the Press Releases (PRs) issued by ECAIs on rating actions are often devoid of the lenders’ details. Absence of such information may result in banks applying the derived risk weights for unrated exposures, without satisfying themselves regarding adherence to prescribed conditions
SEBI has received representations from various market participants, requesting for review of the provisions pertaining to EBP platform, in order to address the issues of ‘fastest finger first’ (viz. allotment based on time priority in bidding for issuances with fixed parameters), certain bidders not getting allocations despite having worked on the issuance pre-listing, high ratio of green shoe to base issue size, limits on arrangers placing bids on behalf of clients, etc.
In view of the representations by and consultations with Broker Associations and Depositories, it has been decided to widen the scope of DDPI to include: Mutual Fund transactions being executed on Stock Exchange order entry platforms; and Tendering shares in open offers through Stock Exchange platforms.
Minister asks Chartered Accountants of India to strive to take Indian Chartered Accountancy Firms to the global level Chartered Accountants must always be committed to promoting equitable and inclusive growth: Shri Piyush Goyal Shri Goyal asks more women to take up the profession of Chartered Accountancy Minister urges young CAs to explore paths of entrepreneurship […]
