RBI Update: Guidelines on Default Loss Guarantee (DLG) in Digital Lending
The Reserve Bank came out with guidelines on default loss guarantee (DLG) in digital lending, a move aimed at ensuring the orderly development of the credit delivery system. DLG is a contractual arrangement between …
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RBI Update: Framework for Compromise Settlements and Technical Write-offs
It has been decided to issue a comprehensive regulatory framework governing compromise settlements and technical write-offs covering all the REs The provisions of this framework shall be applicable to all REs to whi…
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RBI Update: Rationalization of Branch Authorisation Policy for Urban Co-operative Banks (UCBs)
In order to rationalise the process of branch opening and to enable the UCBs to tap growth opportunities in the sector, it has been decided to grant general permission for branch expansion in the approved area of operati…
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RBI Update: Reserve Bank of India (Call, Notice and Term Money Markets) Directions, 2021-Review
It has been decided that henceforth, Scheduled Commercial Banks (excluding small finance banks and payment banks) may set their own limits for borrowing in Call and Notice Money Markets. As in the case of Term Money Mark…
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RBI Update: Expanding the Scope of Trade Receivables Discounting System
The Reserve Bank on Wednesday expanded the trade receivables discounting system (TReDS) by permitting insurance companies to function as participants, a move aimed at improving the cash flows of MSMEs. The RBI issued gui…
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RBI Update : LIBOR Transition
The Reserve Bank of India on 12 th May 2023 states that banks financial institutions to ensure that new transactions undertaken by them or their customers do not rely on or are priced using the US$ LIBOR (London Interban…
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RBI Update: Master Circular – Basel III Capital Regulations
Master Circular dated April 1, 2022, consolidating therein the prudential guidelines on Basel III capital adequacy issued to banks till that date. The instructions contained in the aforesaid Master Circular have bee…
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RBI Update: Formalisation of Informal Micro Enterprises on Udyam Assist Platform
New Definition of Micro, Small and Medium Enterprises – clarifications’ wherein all lenders were advised to obtain ‘Udyam Registration Certificate’ for classification of entities as MSME. The Ministry of Micro, Smal…
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RBI Update - Levy of charges on forex prepaid cards/store value cards/travel cards, etc
The use of International Debit Cards/Store Value Cards/Charge Cards/Smart Cards or any other instrument that can be used to create a financial liability, as 'currency'. A few Authroised Persons are levying certain f…
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RBI Update: Master Circular - Income Recognition, Asset Classification, Provisioningand Other Related Matters - UCBs
RBI vide its Notification dated 08 th May, 2023 issued to The Chief Executive Officers All Primary (Urban) Co-operative Banks The Master Circular dated April 1, 2022 on the captioned subject. The enclosed Master Circular…
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