RBI Update - Review of Risk Weights for Housing Finance Companies (HFCs)
It has been decided to carry out the following modifications: (i) Risk weighted assets for undisbursed amount of housing loans/other loans – In order to address a potential anomaly in computation of risk weighted as…
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RBI Update - Review of regulatory framework for HFCs and harmonisation of regulations applicable to HFCs and NBFCs
HFCs accepting public deposits are subject to more relaxed prudential parameters on deposit acceptance as compared to NBFCs. Since the regulatory concerns associated with deposit acceptance are same across all categories…
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RBI Update - Frequency of reporting of credit information by Credit Institutions to Credit Information Companies
It is directed that CICs and CIs shall keep the credit information collected/maintained by them updated regularly on a fortnightly basis (i.e., as on 15th and last day of the respective month) or at such shorter interval…
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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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