RBI Update - Master Directions on Fraud Risk Management in Non-Banking Financial Companies (NBFCs) (including Housing Finance Companies)
These Directions shall be called the Reserve Bank of India (Fraud Risk Management in NBFCs) Directions, 2024. Applicability The provisions of these Directions shall, unless otherwise provided, apply to: Al…
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RBI Update - Master Directions on Fraud Risk Management in Urban Cooperative Banks (UCBs) / State Cooperative Banks (StCBs) / Central Cooperative Banks (CCBs)
These Directions shall be called the Reserve Bank of India (Fraud Risk Management in UCBs / StCBs / CCBs) Directions, 2024. Applicability The provisions of these Directions shall, unless otherwise provided, app…
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RBI Update - Master Directions on Fraud Risk Management in Commercial Banks (including Regional Rural Banks) and All India Financial Institutions
These Directions shall be called the Reserve Bank of India (Fraud Risk Management in Commercial Banks (including Regional Rural Banks) and All India Financial Institutions) Directions, 2024 Applicability The pr…
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RBI Update - Basel III Capital Regulations - Eligible Credit Rating Agencies (ECAI)
Banks are hereby permitted to use the ratings of the CRA for risk weighting their claims for capital adequacy purposes, subject to the following: In respect of fresh rating mandates, rating may be obtained from th…
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RBI Update - Remittances to International Financial Services Centres (IFSCs) under the Liberalised Remittance Scheme (LRS)
It has been decided that Authorised Persons may facilitate remittances for all permissible purposes under LRS to IFSCs for: Availing financial services or financial products as per the International Financial Serv…
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RBI Update - Export-Import Bank of India’s GOI-supported Line of Credit of USD 2.50 mn to the Government of Co-operative Republic of Guyana, for installation of Solar Photo Voltaic Power Plant at Cheddi Jagan International Airport
Export-Import Bank of India (Exim Bank) has entered into an agreement dated February 29, 2024 with the Government of the Co-operative Republic of Guyana (GO-GUY), for making available to the latter, Government of India s…
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RBI Update - Release of foreign exchange for Miscellaneous Remittances
It is now decided that Authorised Dealers shall obtain Form A2 in physical or digital form for all cross-border remittances irrespective of the value of transaction. Consequently, the above-mentioned circulars stand with…
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RBI Update - Online submission of Form A2: Removal of limits on amount of remittance
It is now decided to permit all Authorised Dealers (AD Category-I banks and AD Category-II entities) to facilitate remittances on the basis of online / physical submission of Form A2 and other related documents, if and a…
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RBI Update - Priority Sector Lending – Amendments to the Master Directions
Please refer to Master Directions (MD) on Priority Sector Lending (PSL) dated September 04, 2020 as updated from time to time. The following paras of the Directions stand amended in view of factors detailed thereunder. …
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RBI Update - International Trade Settlement in Indian Rupees (INR) – Opening of additional Current Account for settlement of trade transactions
Authorised Dealer Category – I (AD Category – I) banks is invited to FED Circular No. 08 dated November 17, 2023, in terms of which, AD Category-I banks maintaining Special Rupee Vostro Account vide A.P. (DIR Series) Cir…
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