Reserve Bank of India hereby issues Draft Call, Notice and Term Money Markets (Reserve Bank) Directions, 2020 to all entities / agencies eligible to deal in call, notice and term money markets.
Reserve Bank of India hereby issues Draft Reserve Bank of India (Market-makers in OTC Derivatives) Directions, 2020. These Directions shall apply to entities permitted to act as market-makers in OTC derivatives in terms of the governing Directions. **** Reserve Bank of India RBI releases Draft Reserve Bank of India (Market-makers in OTC Derivatives) Directions, 2020 […]
Reserve Bank of India has released today Draft Call, Notice and Term Money Markets (Reserve Bank) Directions, 2020; Draft Certificate of Deposit (Reserve Bank) Directions, 2020 and Draft Commercial Papers and Non-Convertible Debentures (Reserve Bank) Directions, 2020. Comments on the Draft Directions are invited from banks, market participants and other interested parties by January 31, 2021.
It appears that a fee, higher than what is payable under the CIRP Regulations, has been paid along with filings of some Forms. These have happened in three situations, namely, (i) fee has been paid for delay in submission of Form, which was on account of technical glitches; (ii) fee has been paid twice for […]
With a view to further enhance the ease of doing business and quicken the approval process, it has been decided to delegate more powers to the Authorised Dealer Category – I banks (AD banks) in the areas of Direct Dispatch of Shipping Documents, Write-off of unrealized Export bills, Set-off of Export receivables against Import payables […]
In order to provide an additional avenue for liquidity management to Regional Rural Banks (RRBs), it has been decided that Liquidity Adjustment Facility (LAF) and Marginal Standing Facility (MSF) will be extended to specified Scheduled RRBs. Reserve Bank of India RBI/2020-21/76 DOR.RRB.No.28/31.01.001/2020-21 December 4, 2020 All Regional Rural Banks Madam/ Sir, Introduction of Liquidity Adjustment […]
It has been decided that banks shall not make any dividend payment on equity shares from the profits pertaining to the financial year ended March 31, 2020. Reserve Bank of India RBI/2020-21/75 DOR.BP.BC.No.29/21.02.067/2020-21 December 4, 2020 All Commercial Banks and All Cooperative Banks, Madam / Dear Sir, Declaration of dividends by banks Please refer to […]
Processing of recurring transactions (domestic or cross-border) using cards / PPIs / UPI under arrangements / practices not compliant with the aforesaid instructions shall not be continued beyond March 31, 2021.
To inculcate discipline and encourage submission of applications by serious players as also for effective utilisation of regulatory resources, it has been decided to introduce the concept of Cooling Period in the following situations –a. Authorised Payment System Operators (PSOs) whose Certificate of Authorisation (CoA) is revoked or not-renewed for any reason; or b. CoA […]
To reduce licensing uncertainties and enable PSOs to focus on their business as also to optimise utilisation of regulatory resources, it has been decided to, hereafter, grant authorisation for all PSOs (both new and existing) on a perpetual basis, subject to the usual conditions.
