RBI

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RBI’s statement on fraud in PNB-No instruction given to PNB to meet its commitments under LOU to other banks

RBI’s statement on fraud in PNB-No instruction given to PNB to meet its commitments under the Letter of Undertaking (LOU) to…

6 years ago
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RBI Cautions about Fake Websites in its Name

RBI Cautions about Fake Websites in its Name.  It contains a provision for “Bank verification with online account holders” which…

6 years ago
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RBI grants relief to MSME borrowers registered under GST from NPA classification due to adverse impact of GST formalities

RBI grants Relief to MSME Borrowers registered under GST from NPA classification due to adverse impact of GST formalities  Presently a…

6 years ago
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RBI issues Master Direction on Foreign investment in India

RBI issues Master Direction on Foreign investment in India Foreign Investment in India is regulated in terms of clause (b)…

6 years ago
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RBI clarification-news about closure of some PSB due to placement under Prompt Corrective Action (PCA) framework

RBI clarification-news about closure of some PSB due to their being placed under the Prompt Corrective Action (PCA) framework Reserve…

6 years ago
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Co-operative societies not authorised to use word “Bank” in their names by BR Act – RBI

Co-operative societies not authorised to use word “Bank” in their names by BR Act 1949. RBI Cautions public, DICGC insurance…

6 years ago
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Foreign Exchange Management Transfer or Issue of Security by a Person Resident Outside India Regulations 2017-RBI Notification

Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2017 RBI has notified the…

6 years ago
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RBI clarifies that linking Aadhaar to bank accounts is mandatory

RBI clarifies that linking Aadhaar to bank accounts is mandatory. Some news items quoting RTI reply had mentioned that Aadhaar…

7 years ago
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NOF for ARCs shall be minimum Rupees 100 Crore – RBI

NOF for ARCs shall be minimum Rupees 100 Crore. ARCs already registered with RBI have to achieve the prescribed minimum…

7 years ago
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Restrictions on banks holding and investment. Amendments to RBI Master Direction

Restrictions on banks holding and investment. Amendments to RBI Master Direction Reserve Bank of India Amendments to Master Direction- Reserve…

7 years ago