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Notifications/Circulars

Weekly newsletter from Chairman, CBIC dated 08/06/2023

June 8, 2023 546 Views 0 comment Print

Dive into the latest updates from the Chairman, CBIC, discussing recent advancements in the Indian Customs and Indirect Taxes department, including AEO progress, CBIC mSangrah launch, and anti-smuggling actions

Mutual Funds’ Participation in Repo Transactions on Corporate Debt

June 8, 2023 885 Views 0 comment Print

Mutual funds allowed to participate in repo transactions on listed AA and above rated corporate debt securities, as well as commercial papers (CPs) and certificate of deposits (CDs).

SEBI Circular: Upstreaming Clients’ Funds – Implications & Guidelines

June 8, 2023 11265 Views 0 comment Print

SEBI has issued a circular requiring stock brokers and clearing members to upstream clients’ funds to clearing corporations. 

RBI Reviews Borrowing Limits in Call and Notice Money Markets

June 8, 2023 1443 Views 0 comment Print

Reserve Bank of India (RBI) has reviewed the borrowing limits in Call and Notice Money Markets for Scheduled Commercial Banks.

DGFT Announces New Import Guidelines for Watermelon Seeds until October 2023

June 8, 2023 3756 Views 0 comment Print

Latest updates on Directorate General of Foreign Trade’s rules and procedures for import of watermelon seeds, effective until October 2023.

Branch Authorization Policy for Urban Co-operative Banks

June 8, 2023 3636 Views 0 comment Print

Reserve Bank of India’s rationalization of the branch authorization policy for Urban Co-operative Banks (UCBs). Understand the new general permission for branch expansion, simplified approval process, and reporting requirements and implications of these changes on UCBs and their growth opportunities. Reserve Bank of India (RBI) has recently announced a rationalization of the branch authorization policy […]

RBI Extends Deadline for Priority Sector Lending Targets for Co-operative Banks

June 8, 2023 1968 Views 0 comment Print

RBI announced extension of time for achievement of Priority Sector Lending (PSL) targets by Primary (Urban) Co-operative Banks (UCBs).

RBI Framework for Compromise Settlements and Technical Write-offs

June 8, 2023 5064 Views 0 comment Print

Reserve Bank of India’s framework for compromise settlements and technical write-offs, including the provisions, delegation of power, prudential treatment, reporting mechanism and impact of this framework on regulated entities and its implications for stressed assets. The Reserve Bank of India (RBI) has recently introduced a comprehensive regulatory framework for compromise settlements and technical write-offs, aiming […]

Analysis of RBI Guidelines on Default Loss Guarantee in Digital Lending

June 8, 2023 1437 Views 0 comment Print

RBI’s recent circular on guidelines for Default Loss Guarantee in Digital Lending, its potential impact on financial institutions, and its role in shaping future of digital finance in India.

IBBI Disciplinary Committee Suspends IP Registration for 1 Year

June 8, 2023 621 Views 0 comment Print

IBBI) Disciplinary Committee has suspended the registration of Mr. Brij Kishore Sharma, an Insolvency Professional (IP), for a period of one year. The suspension comes after findings of contraventions related to various violations in his role as IRP and RP in corporate insolvency resolution processes and as a Liquidator in voluntary liquidation. The Insolvency and […]

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