Fema / RBI - WITH the Prevention of Money Laundering (Amendment) Act, 2009 (No 21 of 2009) coming into force from June 1, the RBI has advised all NBFCs to maintain records of clients for a period of 10 years from the date of transaction. The NBFCs will have keep records of the Identity of the Clients, both domestic or international, which will permit ...
Read MoreFema / RBI - The eighth meeting of the Monetary Policy Committee (MPC), constituted under section 45ZB of the amended Reserve Bank of India Act, 1934, was held on December 5 and 6, 2017 at the Reserve Bank of India, Mumbai....
Read MoreFema / RBI - On a review, it has been decided to include the National Payments Corporation of India. (NPCI) and United Stock Exchange of India Ltd.(USEIL) as part of institutions forming crucial financial infrastructure. Accordingly, banks’ investments in NPCI and USEIL will also be excluded from the aggregate Capital Market Exposure ceiling of 40 p...
Read MoreFema / RBI - WITH the Prevention of Money Laundering (Amendment) Act, 2009 (No 21 of 2009) coming into force from June 1, the RBI has advised all NBFCs to maintain records of clients for a period of 10 years from the date of transaction. The NBFCs will have keep records of the Identity of the Clients, both domestic or international, which will permit ...
Read MoreVelankani Information Systems Limited Vs Secretary, Ministry of Home Affairs (Karnataka High Court) - The contentions of the RBI that the dispute is between the Petitioner and Respondents is not acceptable since the dispute arises out of the implementation or not of a Circular issued by the RBI. RBI is therefore directed to monitor the implementation of the Circular, including verification of whethe...
Read MoreRBI/2023-24/31 DOR.CAP.REC.15/21.06.201/2023-24 - (12/05/2023) - Basel III reforms are the response of Basel Committee on Banking Supervision (BCBS) to improve the banking sector’s ability to absorb shocks arising from financial and economic stress, whatever the source, thus reducing the risk of spill over from the financial sector to the real economy....
Read MoreMaster Circular No. RBI/2023-24/26 DOR.STR.REC.14/21.04.048/2023-24 - (08/05/2023) - A non-performing asset is a loan or an advance where: (i) Interest and / or installment of principal remain overdue1 for a period of more than 90 days in respect of a Term Loan. (ii) The account remains 'out of order'2 , in respect of an Overdraft / Cash Credit (OD/CC) and all other loan products be...
Read MoreRBI/2023-24/20 FIDD.GSSD.CO.BC.No.07/09.01.003/2023-24 - (26/04/2023) - DAY-NRLM promotes affinity-based women Self Help Groups (SHGs). However, only in case of groups to be formed with persons with disabilities and other special categories like elders and transgenders, DAY-NRLM may have both men and women in the Self-Help Groups....
Read MoreRBI/2023-24/17 DOR.CAP.REC.11/09.18.201/2023-24 - (20/04/2023) - Capital acts as a buffer in times of crisis or poor performance by a bank. Sufficiency of capital also instills depositors' confidence. As such, adequacy of capital is one of the preconditions for licensing of a new bank as well as its continuance in business....
Read MoreRBI/2023-24/15 DOR.CRE.REC.No.9/07.10.002/2023-24 - (11/04/2023) - The role of primary (urban) co-operative banks (UCBs) in providing housing finance has been reviewed from time to time. These banks, with their vast network, occupy a very strategic position in the financial system and have an important role to play in providing credit to the housing sector....
Read MoreRBI/2023-24/31 DOR.CAP.REC.15/21.06.201/2023-24 - 12/05/2023
Master Circular No. RBI/2023-24/26 DOR.STR.REC.14/21.04.048/2023-24 - 08/05/2023
RBI/2023-24/20 FIDD.GSSD.CO.BC.No.07/09.01.003/2023-24 - 26/04/2023
RBI/2023-24/17 DOR.CAP.REC.11/09.18.201/2023-24 - 20/04/2023
RBI/2023-24/15 DOR.CRE.REC.No.9/07.10.002/2023-24 - 11/04/2023
RBI/2023-24/99 DCM (CC) No.G-5/03.41.01/2023-24 - 03/04/2023
RBI/2023-24/100 DCM (CC) No.G-3/03.44.01/2023-24 - 03/04/2023
RBI/2023-24/98 DCM (FNVD)/G-1/16.01.05/2023-24 - 03/04/2023
RBI/2023-24/97 DCM (NE) No.G-2/08.07.18/2023-24 - 03/04/2023
RBI/2023-24/11 FIDD.CO.LBS.BC.No.04/02.01.001/2023-24 - 03/04/2023