RBI Update: Master Direction on Outsourcing of Information Technology Services.
RBI vide its notification dated on 10th April, 2023 issued to all Scheduled Commercial Banks (excluding Regional Rural Banks); Local Area Banks; Small Finance Banks; Payments Banks; Primary (Urban) Co-operative Banks; No…
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RBI Update: APConnect - Online application for Full Fledged Money Changers and non-bank Authorised Dealers Category-II.
RBI vide its Notification dated 6 th April, 2023 to Full Fledged Money Changers, non-bank Authorized Dealers Category II. The Notification States: A software application called ‘APConnect’ has been developed fo…
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RBI Update: Master Direction – Facility for Exchange of Notes and Coins
RBI vide its notification dated on 3 rd April, 2023 to all banks. The notification states: In exercise of the powers conferred under Section 35A of the Banking Regulation Act, 1949, refer with sections 28, 38, 39, 5…
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RBI Update: Master Circular – Lead Bank Scheme
RBI vide its Notification dated 3 rd April, 2023 to SLBC/ UTLBC Convenor Banks / Lead Banks The notification states: The Reserve Bank of India has issued guidelines/instructions on Lead Bank Scheme, and Master Circular c…
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RBI Update: Master Direction on Framework of Incentives for Currency Distribution & Exchange Scheme for bank branches including currency chests based on performance in rendering customer service to the members of public
RBI vide its notification dated on 3 rd April, 2023 to all banks. RBI issues guidelines / instructions for realising the objectives of Clean Note Policy as part of currency management. With a view to furthering these obj…
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RBI Update: Master Direction on Penal Provisions in reporting of transactions/ balances at Currency Chests
RBI vide its notification dated on 3 rd April, 2023 to all banks having Currency Chests. The notifications states: The Reserve Bank of India has issued Master Direction on Penal Provisions in deficiencies in reporting of…
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RBI Update: Special Clearing Operations on March 31, 2023.
RBI vide its Notification dated 29 th March, 2023 to The Chairman and Managing Director / Chief Executive Officer all Scheduled Commercial Banks including Regional Rural Banks /Urban Co-operative Banks / State Co-operati…
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RBI Update: Cessation of “Abu Dhabi Commercial Bank PJSC” as a banking company within the meaning of sub section (2) of Section 36 A of Banking Regulation Act, 1949, Exclusion of “Abu Dhabi Commercial Bank PJSC” from the Second Schedule to the Reserve Bank of India Act, 1934.
RBI vide its Notification dated 27 th March 2023 to All Banks RBI issued a notification announcing the cessation of Abu Dhabi Commercial Bank as a banking company under the Banking Regulation Act, 1949, which has be…
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RBI Update: Cessation of “Abu Dhabi Commercial Bank PJSC” as a banking company within the meaning of sub section (2) of Section 36 A of Banking Regulation Act, 1949, Exclusion of “Abu Dhabi Commercial Bank PJSC” from the Second Schedule to the Reserve Bank of India Act, 1934.
RBI vide its Notification dated 27 th March 2023 to All Banks RBI issued a notification announcing the cessation of Abu Dhabi Commercial Bank as a banking company under the Banking Regulation Act, 1949, which has be…
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RBI Update: Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2022-23)
RBI vide its Notification dated 23th March 2023 to all Bank Agency Notification States: All government transactions done by agency banks for the Financial Year 2022-23 must consider with the same financial year. Followin…
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