RBI Update- Designation of 1 individual and 2 organisations under Section 35(1) (a) and 2(1) (m) of the Unlawful Activities (Prevention) Act, 1967 and their listing in the Fourth and First Schedule of the Act- Reg.- 28th February, 2023
Reserve Bank of India vide its Circular dated 28 th February, 2023 has referred to Section 53 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on May 10, 2021 wherein it has directed that …
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RBI Update- Governance, measurement and management of Interest Rate Risk in Banking Book- 17th February, 2022
Reserve Bank of India on 17 th February, 2023 issued a Circular regarding Governance, measurement and management of Interest Rate Risk in Banking Book. Interest Rate Risk in Banking Book (IRRBB) refers to the curren…
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RBI Update- Reserve Bank of India (Financial Statements - Presentation and Disclosures) Directions, 2021 – Disclosures for State Co-operative Banks and Central Co-operative Banks- 20th February, 2023
Reserve Bank of India vide its Circular dated 20th February, 2023 notified that state co-operative banks and central co-operative banks have to make disclosures in their financial statements. Further, in consultatio…
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RBI Update- Implementation of Indian Accounting Standards (Ind AS)- 20th February, 2023
Reserve Bank of India issued a Circular dated 20 th February, 2023 regarding the Implementation of Indian Accounting Standards (Ind AS). This has a reference to circular DOR (NBFC).CC.PD.No.109/22.10.106/2019-20 dated Ma…
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RBI Update- Exim Bank’s GOI-supported Line of Credit (LOC) for USD 100 million to the Government of the Republic of Maldives (GO-MDV), for financing new developmental projects and to meet spill over costs from developmental projects in Maldives already included under Lines of credit extended to GO-MDV by Exim Bank- 16th February, 2023.
Export-Import Bank of India (Exim Bank) has entered into an agreement dated October 02, 2022 with the Government of the Republic of Maldives, for making available to the latter, Government of India supported Line of Cred…
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RBI Update- Introduction of Foreign Contribution (Regulation) Act (FCRA) related transaction code in NEFT and RTGS Systems- 16th February, 2023
Reserve Bank of India vide its Circular dated 16 th February, 2023 regarding the introduction of Foreign Contribution (Regulation) Act (FCRA) related transaction code in NEFT and RTGS Systems. Currently,foreign cont…
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RBI Update- Formation of new district in the State of Sikkim – Assignment of Lead Bank Responsibility- 13th February, 2023
Reserve Bank of India vide its Circular dated 13 th February, 2023 has informed that Government of Sikkim, vide Gazette Notification No.50/LR&DMD/ACQ/GOS dated December 20, 2021, had notified formation of a new district …
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RBI Update- Issuance of PPIs to Foreign Nationals / Non-Resident Indians (NRIs) visiting India- 10th February, 2023
RBI vide its Circular dated 10 th February, 2023 issued a Circular regarding the issuance of PPIs to Foreign Nationals / Non-Resident Indians (NRIs) visiting India. This has a reference to the Statement on Developme…
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SEBI Update: Entities allowed to use e-KYC Aadhaar Authentication services of UIDAI in Securities Market as sub-KUA dated 8th February, 2023
SEBI vide its Circular dated 8th February, 2023 issued a circular regarding allowing the entities to use e-KYC Aadhar Authentication services of UIDAI in the securities market as sub-KUA. The SEBI issued Circular No…
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RBI Update- Standing Liquidity Facility for Primary Dealers dated 8th February, 2023
Reserve Bank of India vide its Circular dated 8 th February, 2023 decided to increase the policy repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 6.25 per cent to 6.50 per cent by the Monet…
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