Govt notifies Aadhaar Authentication Rules for Good Governance

Notification No. G.S.R.490(E) (05/08/2020)

Central Government may allow Aadhaar authentication by requesting entities in the interest of good governance, preventing leakage of public funds, promoting ease of living of residents and enabling better access to services for them, for the following purposes, namely:–...

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RBI kept policy repo rate unchanged at 4.0 per cent

Press Release No. 2020-2021/148, Press Release No. 2020-2021/149, Press Release No. 2020-2021/150, (06/08/2020)

Monetary Policy Committee (MPC) at its meeting today (August 6, 2020) decided to: keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0 per cent. Consequently, the reverse repo rate under the LAF remains unchanged at 3.35 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 4.25 pe...

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SEBI (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2020

Notification No. SEBI/LAD-NRO/GN/2020/25 (05/08/2020)

1. These regulations may be called the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2020. 2. They shall come into force on the date of their publication in the Official Gazette....

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No current account for customers having CC/OD account with bank

RBI/2020-21/20 DOR.No.BP.BC/7/21.04.048/2020-21 (06/08/2020)

The instructions on opening of current accounts by banks have been reviewed and the revised instructions are as under: i. No bank shall open current accounts for customers who have availed credit facilities in the form of cash credit (CC)/ overdraft (OD) from the banking system and all transactions shall be routed through the CC/OD acc...

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Loans against Gold Ornaments & Jewellery for Non-Agricultural End-uses

RBI/2020-21/19 DoR.No.BP.BC/6/21.04.048/2020-21 (06/08/2020)

Under the extant guidelines, loans sanctioned by banks against pledge of gold ornaments and jewellery should not exceed 75 per cent of the value of gold ornaments and jewellery....

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Basel III Capital Regulations – Treatment of debt mutual funds/ETFs

RBI/2020-21/18 DOR.No.BP.BC/5/21.04.201/2020-21 (06/08/2020)

Investment in debt mutual fund/ETF for which full constituent debt details are available shall attract general market risk charge of 9 per cent, as hitherto. Specific risk capital charge for various kinds of exposures would be applied as detailed below:...

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MSME sector – Restructuring of Advances

RBI/2020-21/17 DOR.No.BP.BC/4/21.04.048/2020-21 (06/08/2020)

Existing loans to MSMEs classified as 'standard' may be restructured without a downgrade in the asset classification, subject to the following conditions: i. The aggregate exposure, including non-fund based facilities, of banks and NBFCs to the borrower does not exceed ₹25 crore as on March 1, 2020....

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Resolution Framework for COVID-19-related Stress

RBI/2020-21/16 DOR.No.BP.BC/3/21.04.048/2020-21 (06/08/2020)

The economic fallout on account of the Covid-19 pandemic has led to significant financial stress for borrowers across the board. The resultant stress can potentially impact the long-term viability of many firms, otherwise having a good track record under the existing promoters, due to their debt burden becoming disproportionate relative t...

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IBBI (Liquidation Process) (Third Amendment) Regulations, 2020

Press release No. IBBI/PR/2020/08 & Notification No. IBBI/2020-21/GN/REG062 (05/08/2020)

The Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency and Bankruptcy Board of India (Liquidation Process) (Third Amendment) Regulations, 2020 today....

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IBBI (Voluntary Liquidation Process) (Second Amendment) Regulations, 2020

Press Release No. IBBI/PR/2020/09 & Notification No. IBBI/2020-21/GN/REG.063 (05/08/2020)

The Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) (Second Amendment) Regulations, 2020 today....

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