RBI Updates : Guidelines on Compensation of Key Managerial Personnel (KMP) and Senior Management in NBFCs
The guidelines are intended only for providing broad guidance to NBFCs and their NRCs in formulating their compensation policy. While formulating the compensation policy, it has to be ensured that all statutory mandates …
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RBI Updates: Modified Interest Subvention Scheme for Short Term Loans for Agriculture and Allied Activities availed through Kisan Credit Card (KCC) during the financial year 2021-22
RBI on 29th April 2022 modified norms for banks to claim the amount of interest subvention provided to farmers under the short-term crop loan scheme through Kisan Credit Card (KCC) during the last fiscal.Pending claims f…
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RBI Updates: Credit Card and Debit Card – Issuance and Conduct Directions, 2022
(a) These Directions shall be called the Reserve Bank of India (Credit Card and Debit Card – Issuance and Conduct) Directions, 2022. (b) These Directions shall be effective from July 01, 2022. Applicability …
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RBI Updates: Legal Entity Identifier (LEI) for Borrowers
It has been decided that the guidelines on LEI stand extended to Primary (Urban) Co-operative Banks (UCBs) and Non-Banking Financial Companies (NBFCs). It is further advised that non-individual borrowers enjoying aggrega…
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RBI Updates: Large Exposures Framework for Non-Banking Financial Company - Upper Layer (NBFC-UL)
The guidelines shall be applicable to NBFC-UL, both at the solo level and at the consolidated (group) level. Exposure shall comprise both on and off-balance sheet exposures by the NBFC-UL. NBFC-UL’s exposure to all …
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RBI Updates: Scale Based Regulation (SBR) for NBFCs: Capital requirements for Non-Banking Finance Companies – Upper Layer (NBFC-UL)
A Revised Regulatory Framework for NBFCs. This is applicable to all NBFCs identified as NBFC-UL, except Core Investment Companies (CICs). NBFC-UL shall maintain Common Equity Tier 1 capital of at least 9 per ce…
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RBI Updates: Loans and Advances – Regulatory Restrictions - NBFCs RBI/2022-23/29
Guidelines applicable to NBFC - Middle Layer (ML) and NBFC - Upper Layer (UL) - Regulatory Restrictions on Loans and Advances These guidelines shall be effective from October 01, 2022. Loans and advances to Director…
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RBI Updates : Consolidated Circular on Opening of Current Accounts and CC/OD Accounts by Banks
RBI issued a consolidated circular for opening and operation of current accounts and CC/OD accounts by banks with a view to enforce credit discipline amongst the borrowers as well as to facilitate better monitoring by th…
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RBI Updates: Disclosures in Financial Statements- Notes to Accounts of NBFCs
This is applicable to all NBFCs. The Annex specifies the applicability of specific disclosure requirements to specific NBFC layers as per Scale Based Regulation. It may be noted that disclosure requirements app…
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RBI Updates: Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR)
This circular is applicable to all Commercial Banks other than Regional Rural Banks, Local Area Banks and Payments Banks. In terms of the circular ibid, the assets allowed as Level 1 High Quality Liquid Assets (HQLA…
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