Category: RBI
RBI notifies Qualified Financial Contract and entities qualified as financial market participants to deal in qualified Financial Contracts RESERVE BANK OF INDIA(Financial Markets Regulation Department)(CENTRAL OFFICE)  NOTIFICATION  Mumbai, the 9th March, 2021  No. FMRD.DIRD. 2/14.03.043/2020-21.—In exercise of the powers conferred by clause (a) of Section …
Reporting and Accounting of Central Government transactions including CBDT, CBIC etc. of March 2021 for passing on challans/scrolls etc. RBI has issued circulars from time to time advising the procedure to be followed for reporting and accounting of Central Government transactions (including CBDT, CBIC, Departmentalized Ministries and Non-Civil …
RBI modifies Data Format for Furnishing of Credit Information to Credit Information Companies RBI in 2014 prescribed Data Format for Furnishing of Credit Information to Credit Information Companies. (CICs) With a view to streamlining the process of data submission by banks/FIs to CICs, it standardised the formats for …
RBI has issued a Master Direction on Digital Payment Security Controls in pursuance of the Statement on Developmental and Regulatory Policies of the Bi-monthly Monetary Policy Statement for 2020-21. Master Direction on Digital Payment Security Controls The said Master directions are called the Reserve Bank of India (Digital …
RBI issues Master Direction Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021  RESERVE BANK OF INDIA DEPARTMENT OF REGULATION CENTRAL OFFICE, 2ND FLOOR, MAIN OFFICE BUILDING SHAHID BHAGAT SINGH MARG, FORT, MUMBAI – 400 001  RBI/2020-21/73 DOR.FIN.HFC.CC.No.120/03.10.136/2020-21  February 17, 2021 Master Direction …
Investment in NBFCs from FATF non-compliant jurisdictions RBI/2020-2021/97DOR.CO.LIC.CC No.119/03.10.001/2020-21 February 12, 2021 ToNon-Banking Financial Companies (NBFCs)(including Housing Finance Companies) andAsset Reconstruction Companies Madam / Dear Sir, Investment in NBFCs from FATF non-compliant jurisdictions The Financial Action Task Force (FATF) periodically identifies jurisdictions with weak measures to combat money …
FAQ on Compliance functions in banks and Role of Chief Compliance Officer (CCO) The other day the RBI had issued Guidelines for Compliance functions in banks and Role of Chief Compliance Officer to bring uniformity in approach followed by banks, as also to align the supervisory expectations on …
RBI Guidelines on Risk-Based Internal Audit (RBIA) System for Select NBFCs and UCBs RBI had introduced Risk-Based Internal Audit (RBIA) system in Scheduled Commercial Banks (SCBs) as part of their internal control framework that follows a well-defined policy for internal audit, functional independence with sufficient standing, effective channels …
RBI Strengthens Grievance Redressal Mechanism in Banks-Modified disclosures to be given in Annual Report Today, RBI issued a comprehensive framework comprising of enhanced disclosures on complaints to be made by the banks, recovery of the cost of redress of maintainable complaints from the banks against whom the number …
RBI constructs a Composite Digital Payments Index (DPI) to capture extent of digitisation The Reserve Bank of India has constructed a composite Digital Payments Index (DPI) to capture the extent of digitisation of payments across the country. Earlier, it was announced in the Statement on Developmental and Regulatory Policies as …
