RBI Update- Appointment of Whole-Time Director(s)
‘Corporate Governance in Banks - Appointment of Directors and Constitution of Committees of the Board’. Banks are advised to ensure the presence of at least two Whole Time Directors (WTDs), including the MD&CEO, on …
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RBI Update - Reserve Bank of India (Non-Banking Financial Company– Scale Based Regulation) Directions, 2023
The Reserve Bank of India, having considered it necessary in the public interest, and being satisfied that, for the purpose of enabling the Reserve Bank to regulate the financial system to the advantage of the country an…
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RBI Update - Amendment to the Master Direction (MD) on KYC
It has been decided to amend the MD on KYC to: (a) Update certain instructions considering amendments to the PML Rules vide Government notifications dated September 4, 2023 and October 17, 2023; (b) Update Anne…
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RBI Update - Reverse Repo transactions - Reporting in Form ‘A’ Return
To bring uniformity in reporting of Reverse Repo transactions in the Form A Return by various banks, it is clarified that the banks should adhere to the following practice for presentation of Reverse Repo transactions in…
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RBI Update - Prompt Corrective Action (PCA) Framework for Non-Banking Financial Companies (NBFCs) – Extension to Government NBFCs
Reserve Bank of India introduced the PCA Framework for NBFCs on December 14, 2021. The Framework has since been reviewed and has been decided to extend the same to Government NBFCs (except those in Base Layer) with effec…
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RBI Update - Gold Loan – Bullet Repayment – Primary (Urban) Co-operative Banks (UCBs)
It has been decided to increase the monetary ceiling of gold loans that can be granted under the bullet repayment scheme, from ₹2.00 lakh to ₹4.00 lakh for those UCBs who have met the overall PSL target and sub-targets a…
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RBI Update - Status of March 31, 2024 for Government transactions through integration with e-Kuber
The ‘e-Kuber’ which is the Core Banking Solution platform of RBI for Government and other payments does not process any Government transactions on Global holidays (which are 26th January 15th August 2nd October, all 2nd …
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RBI Update - Display of information - Secured assets possessed under the SARFAESI Act, 2002
It has been decided that the Regulated Entities (REs) of the Reserve Bank which are secured creditors as per the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, …
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RBI Update- Data Quality Index for Commercial and Microfinance Segments by Credit Information Companies
It has been decided that Credit Information Companies (CICs) shall prepare Data Quality Index (DQIs) for the Commercial and Microfinance segments respectively. CICs shall provide the DQIs for Commercial and Microfinance …
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RBI Update -Master Direction - Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2023
The Reserve Bank of India has, from time to time, issued several guidelines/instructions/directives to the banks on Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks. To e…
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