Press Releases

SEBI: Grant of recognition to BASL as an Accreditation Agency

Press Release No. 34/2021 26/11/2021

Post examination of their application, BSE Administration and Supervision Limited (BASL), a wholly owned subsidiary of BSE Limited (BSE) has been granted recognition as an Accreditation Agency under Regulation 2(1) (aa) of SEBI (Alternative Investments Funds) Regulations, 2012...

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RBI Caution against various Co-operative societies using the word “Bank” in their names

Press Release: 2021-2022/1230 22/11/2021

It has come to the notice of RBI that some Co-operative Societies are using the word Bank in their names in violation of Section 7 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) (the BR Act, 1949)....

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RBI announces Draft Scheme of Amalgamation of PMC Bank with Unity Small Finance Bank

Press Release: 2021-2022/1231 22/11/2021

Reserve Bank of India has today placed in public domain a draft scheme of amalgamation of The Punjab and Maharashtra Cooperative (PMC) Bank with Unity Small Finance Bank Ltd. (USFB), a banking company incorporated in India under Companies Act, 2013, and having its Registered Office in New Delhi. USFB has commenced operations with effect f...

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Mr. Sandip Garg takes charge as Executive Director, IBBI

Press Release No. IBBI/PR/2021/31 22/11/2021

Mr. Sandip Garg took charge as Executive Director, Insolvency and Bankruptcy Board of India (IBBI) in New Delhi today. Immediately before joining IBBI, he was serving as Commissioner (Exemptions), Income Tax, Pune....

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RBI releases Report of Working Group on digital lending

Press Release: 2021-2022/1224 20/11/2021

The thrust of the report has been on enhancing customer protection and making the digital lending ecosystem safe and sound while encouraging innovation. ...

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RRA recommended RBI to withdrawal 150 circular

Press Release: 2021-2022/1202 16/11/2021

Reserve Bank of India Date : Nov 16, 2021 Regulations Review Authority (RRA 2.0) – Interim Recommendations The Reserve Bank of India has set up a Regulations Review Authority (RRA 2.0) vide press release dated April 15, 2021. The objective of RRA 2.0 is to review the regulatory instructions, removing redundant and duplicate instruct...

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RBI Retail Direct Scheme

Press Release No. 2021-2022/1183 12/11/2021

The Reserve Bank announces the activation of the RBI Retail Direct Scheme with effect from today. The Scheme was launched today in virtual mode by the Hon’ble Prime Minister, Shri Narendra Modi....

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RBI lifts business restrictions imposed on Diners Club International Ltd

Press Release No. 2021-2022/1167 09/11/2021

In view of the satisfactory compliance demonstrated by Diners Club International Ltd. with the Reserve Bank of India (RBI) circular dated April 6, 2018 on Storage of Payment System Data, the restrictions imposed, vide order dated April 23, 2021, on on-boarding of fresh domestic customers have been lifted with immediate effect....

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Dealing in unregulated products by SEBI registered Debenture Trustees

Press Releases No. 32/2021 03/11/2021

It has come to the notice of SEBI that some registered Debenture Trustees are undertaking activities related to unregulated products such as acting as a trustee for digital gold....

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RBI releases draft Master Direction on Prudential Regulation for AIFIs – 2021

Press Release: 2021-2022/1084 22/10/2021

Reserve Bank of India Date : Oct 22, 2021 RBI releases draft Master Direction on Prudential Regulation for AIFIs – 2021 The Reserve Bank has today placed on its website the Draft Reserve Bank of India (Prudential Regulations on Basel III Capital Framework, Exposure Norms, Significant Investments, Classification, Valuation and Opera...

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November 2021