it has been decided that all banks shall not make any further dividend payouts from the profits pertaining to the financial year ended March 31, 2020 until further instructions. This restriction shall be reassessed by the Reserve Bank based on the financial results of banks for the quarter ending September 30, 2020.
Given that SLR has now been reduced to 18 per cent of NDTL from April 11, 2020, and with increase in MSF from 2 per cent to 3 per cent of the banks’ NDTL (with effect from March 27, 2020 and applicable upto June 30, 2020), entire SLR-eligible assets held by banks are now permitted to be reckoned as HQLAs for meeting LCR.
In respect of all accounts classified as standard as on February 29, 2020, even if overdue, the moratorium period, wherever granted, shall be excluded by the lending institutions from the number of days past-due for the purpose of asset classification under the IRAC norms.
As announced in Governor’s Statement today, it has been decided to reduce the interest rate on fixed rate reverse repo under the Liquidity Adjustment Facility (LAF) by 25 basis points from 4.00 per cent to 3.75 per cent with immediate effect.
It has been decided to extend the due date for the following regulatory filings and compliance requirements by their trading members / clearing members:
SEBI vide Circular No. SEBI/HO/MIRSD/DOP/CIR/P/2020/62 dated 16th April, 2020, has provided Relaxation in time period for certain activities carried out by depository participants, RTAs / issuers, KRAs, stock brokers. Text of the Circular is as follows:- Securities and Exchange Board of India Circular No. SEBI/HO/MIRSD/DOP/CIR/P/2020/62 Dated: April 16 , 2020 To, 1. Stock Brokers through […]
ii. As per clause no. 5 of Annexure – II of the said SOP for social distancing for offices, workplace, factories and establishments, medical insurance for the workers to be made mandatory.
The limits for FPI investment in Government securities (G-secs) and State Development Loans (SDLs) shall remain unchanged at 6% and 2%, respectively, of outstanding stocks of securities for FY 2020-21.
Central Government issues Notifications allowing Motor (Third Party) insurance policyholders to make premium payments till May 15th which are due for renewal during COVID19 lockdown. MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 15th April, 2020 S.O. 1258 (E).—In exercise of powers conferred by sub-sections (1) and (5) of section 64VB of the […]
Extension of Submission Date of Share Capital Audit Report for the quarter ended March 31, 2020 till 31st May, 2020 BSE vide Circular no. LIST/COMP/1/2020-21 dated 14.04.2020 informed listed companies on Relaxation in adherence to prescribed timelines issued by SEBI due to Covid 19 which was provided by SEBI Ciruclar No.SEBI/HO/MIRSD/RTAMB/CIR/P/2020/59 Dated April 13, 2020. […]
