RBI Update - Modified Interest Subvention Scheme for Short Term Loans for Agriculture and Allied Activities availed through Kisan Credit Card (KCC) during the financial year 2024-25
It is advised that Government of India has approved the continuation of the Modified Interest Subvention Scheme (MISS) for the financial year 2024-25 with the following stipulations: (i) In order to provide short te…
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RBI Update - Prudential Treatment of Bad and Doubtful Debt Reserve by Co-operative Banks
To bring uniformity in the treatment of Bad and Doubtful Debt Reserve (BDDR) for prudential purposes, revised instructions on BDDR are being issued, as under: a) With effect from the FY 2024-25, all provisions as pe…
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RBI Update - Master Directions on Cyber Resilience and Digital Payment Security Controls for non-bank Payment System Operators
It has been decided to issue the final Directions, covering robust governance mechanisms for identification, assessment, monitoring and management of these risks. The Directions also cover baseline security measures for …
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RBI Update - Guidelines on treatment of Dividend Equalisation Fund (DEF)- Primary (Urban) Co-operative Banks (UCBs)
It is observed that some UCBs have created the Dividend Equalisation Fund (DEF) through appropriation of profits, with an intent to utilise these balances to pay dividend in future years, when profits are not sufficient …
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RBI Update - Master Direction on Treatment of Wilful Defaulters and Large Defaulters
This Master Direction on wilful defaulters serves as a comprehensive guideline delineating the regulatory framework and procedures for classification of borrowers as wilful defaulters. This directive plays a crucial role…
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RBI Update - Fully Accessible Route’ for Investment by Non-residents in Government Securities – Exclusion of new issuances in 14-year and 30-year tenor securities
It has been decided to exclude all new securities of 14-year and 30-year tenors from the Fully Accessible Route. Consequently, future issuances of Government Securities in these tenors shall not be available for investme…
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RBI Update - Prompt Corrective Action (PCA) Framework for Primary (Urban) Co-operative Banks (UCBs)
The existing Supervisory Action Framework (SAF) for UCBs has since been reviewed. Accordingly, the revised framework replacing the SAF, under the nomenclature Prompt Corrective Action (PCA) Framework is issued. The …
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RBI Update - Small Value Loans – Primary (Urban) Co-operative Banks (UCBs)
UCBs were required, inter alia , to have at least 50 per cent of their aggregate loans and advances comprising of Small Value Loans, i.e., loans of value not more than ₹25 lakh or 0.2 per cent of their Tier I capital, wh…
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RBI Update - Bank Finance against Shares and Debentures
Primary (Urban) Co-operative Banks (UCBs) were advised that the aggregate of their all loans against the security of shares and debentures should be within the overall ceiling of 20 percent of their owned funds. It …
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RBI Update - Domestic Money Transfer – Review of Framework
The framework for Domestic Money Transfer (DMT) was introduced in 2011, vide RBI circular dated October 5, 2011. There has been significant increase in the availability of banking outlets, developments in payment systems…
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