Master Direction – Reserve Bank of India (Internal Ombudsman for Regulated Entities) Directions, 2023 issued with a view to strengthen the Internal Grievance Redress mechanism within a Regulated Entity and ensure a proper and speedy resolution of customer complaints by enabling a review before their rejection, by an apex level authority within the Regulated Entity.
Discover key highlights of Reserve Bank of India’s latest IT governance, risk management, and assurance practices. Stay informed on these vital updates
Learn about the new RBI’s Master Direction for scale-based regulation of NBFCs in 2023! Check out this article to find out more about the rules and guidelines provided by RBI.
Discover latest amendment by RBI to the Master Direction (MD) on KYC and its implications for regulated entities. Stay updated with changes.
Master Direction – Reserve Bank of India (Prudential Regulations on Basel III Capital Framework, Exposure Norms, Significant Investments, Classification, Valuation and Operation of Investment Portfolio Norms and Resource Raising Norms for All India Financial Institutions) Directions, 2023
RBI introduced revised guidelines for classification, valuation, and operation of investment portfolios for commercial banks. Learn about the changes.
RBI Master Direction on Minimum Capital Requirements for Operational Risk shall apply to all Commercial Banks (excluding Local Area Banks, Payments Banks, Regional Rural Banks, and Small Finance Banks).
It has been decided to amend the MD on KYC to (a) align the instructions with the recent amendments carried out in the Prevention of Money Laundering (Maintenance of Records) Rules, 2005, (b) incorporate instructions in terms of the Government Order dated January 30, 2023,
Regulated Entities (REs) have been extensively leveraging Information Technology (IT) and IT enabled Services (ITeS) to support their business models, products and services offered to their customers. REs also outsource substantial portion of their IT activities to third parties, which expose them to various risks.
Framework of incentives titled Currency Distribution & Exchange Scheme (CDES) for bank branches including currency chests has been formulated in order to encourage all bank branches to provide better customer service to the members of public keeping in view the objectives of Clean Note Policy as part of currency management.
