Category: RBI
Existing loans to MSMEs classified as ‘standard’ may be restructured without a downgrade in the asset classification Micro, Small and Medium Enterprises (MSME) sector – Restructuring of Advances To support the MSME entities on account of the fallout of Covid-19 pandemic RBI has decided that existing loans to …
RBI releases Financial Stability Report, July 2020 Today, the Reserve Bank released the 21st Issue of the Financial Stability Report (FSR), which reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on risks to financial stability, and the resilience of the financial …
Fair Practices Code for Asset Reconstruction Companies – RBI Guidelines RBI has issued ‘Fair Practices Code’ for Asset Reconstruction Companies registered with it. Companies has been advised to adopt the Code to ensure transparency and fairness in their operations. Fair Practices Code for Asset Reconstruction Companies In order …
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 …
