Category: RBI
RBI extends timeline for finalization of audited accounts by NBFC In view of the on-going situation and taking in to account the feedback received from various stakeholders, RBI has decided that every applicable NBFC shall finalise its balance sheet within a period of 3 months from the date …
Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) (Amendment) Regulations, 2020 RESERVE BANK OF INDIA(Foreign Exchange Department)(CENTRAL OFFICE) NOTIFICATION Mumbai, the 15th June,2020 Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) (Amendment) Regulations, 2020 No. FEMA. 395(1)/2020-RB.—In exercise of the powers conferred …
RBI extends timeline for compliance with various payment system requirements Extension of timeline for compliance with various payment system requirements Reserve Bank of India (RBI) had in past issued instructions on Master Direction on Issuance and Operation of Prepaid Payment Instruments (PPI-MD), enhancing security of card transactions, harmonisation …
Extension of moratorium on Term Loans EMI, deferment of Interest on Working Capital facilities by further 3 months from 01.06.2020 to 31.08.2020 Earlier, RBI on 27th March, 2020 has issued an Statement setting out various developmental and regulatory policies addressing the stress in financial conditions caused by COVID-19 …
Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit- Extension Reserve Bank of India RBI/2019-20/231DOR.Dir.BC.No.69/04.02.001/2019-20 May 13, 2020 All Scheduled Commercial Banks (excluding RRBs)Small Finance Banks, Primary (Urban) Cooperative Banksand EXIM Bank Dear Sir / Madam, Interest Equalisation Scheme on Pre and Post Shipment Rupee Export …
RBI issues FAQ on Cash Withdrawal Facility at Point of Sale (PoS) Terminals In order to enhance the customer convenience in using the plastic money, RBI in 2009 permitted cash withdrawals at POS terminals. initially, this facility was made available for all debit cards issued in India, upto …
Statutory branch audit of PSBs-RBI modifies coverage norms for FY 2019-20 in view of Covid-19. Now 90% of funded /non-funded exposures only to be audited _RESERVE BANK OF INDIA DOS.ARG.No.6605 /08.91.001/2019-20 April 27, 2020 The Chief Executives of all Public Sector Banks Madam/Dear Sir, Statutory Branch Audit of …
RBI prohibits banks from dividend declaration for FY ended 31.03.2020 RBI prohibits banks from dividend declaration RBI has prohibited banks from making any further dividend declaration/payouts from the profits pertaining to the financial year ended March 31, 2020 until further instructions. In India, Banks have been granted general …
COVID19 Regulatory Package – Review of Resolution Timelines under the Prudential Framework on Resolution of Stressed Assets RESERVE BANK OF INDIA RBI/2019-20/219DOR.No.BP.BC.62/21.04.048/2020-21 April 17, 2020 All Scheduled Commercial Banks (excluding Regional Rural Banks);All India Financial Institutions (NABARD, NHB, EXIM Bank, and SIDBI);All Systemically Important Non-Deposit taking Non-Banking Financial …
RBI COVID19 Regulatory Package – Relaxation in Asset Classification & Provisioning RESERVE BANK OF INDIA RBI/2019-20/220DOR.No.BP.BC.63/21.04.048/2020-21 April 17, 2020 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks)All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative BanksAll All-India …
