Category: RBI
RBI Statement on Developmental and Regulatory Policies Reserve Bank of India Date : Oct 04, 2019 This Statement sets out various developmental and regulatory policy measures for strengthening regulation and supervision; broadening and deepening financial markets; and improving the payment and settlement systems. I. Regulation and Supervision 1. …
RBI allows cost accountant’s certificate for claiming agency commission by banks. Earlier only CAs were authorised. Download Revised Formats. Read Notification RBI allows cost accountant’s certificate for claiming agency commission by banks RBI has allowed that agency banks while claiming agency commission may submit the required reconciliation certificate …
RBI framework for Turn Around Time (TAT) and customer compensation for failed transactions using authorised Payment Systems Monetary Policy statement of RBI dated April 4, 2019 proposed that the Reserve Bank would put in place a framework on Turn Around Time (TAT) for resolution of customer complaints and …
RBI revised guidelines for concurrent audit of banks-Scope, coverage of business/branches, minimum items / area of coverage, etc. RBI has revised guidelines for concurrent audit of banks. Accountability to be fixed in serious acts of omission/commission RBI revised guidelines for concurrent audit of banks RESERVE BANK OF INDIA …
RBI releases the Report of the Committee on the Development of Housing Finance Securitisation Market Date : Sep 09, 2019 The Reserve Bank of India had constituted a Committee on the Development of Housing Finance Securitisation Market, on May 29, 2019, with Dr. Harsh Vardhan, Senior Advisor, Bain & Co. …
RBI Makes External Benchmark Based Interest Rate mandatory for all new floating rate personal/ retail (housing, auto, etc.) & floating rate loans to MSE Reserve Bank had constituted an Internal Study Group (ISG) to examine various aspects of the marginal cost of funds-based lending rate (MCLR) system. The …
RBI approves surplus reserve fund transfer of Rs. 1.76 crore to Government of India RESERVE BANK OF INDIA Date : Aug 26, 2019 PRESS RELEASE RBI Central Board accepts Bimal Jalan Committee recommendations and approves surplus transfer to the Government The Central Board of the Reserve Bank of India …
Free ATM transactions not to include failed transactions due to technical reasons – RBI RBI has taken note that banks are including transactions that have failed due to technical reasons, non-availability of currency in ATMs, etc., in the number of free ATM transactions and charging fee on excess …
RBI (‘Fit and Proper’ Criteria for Elected Directors on the Boards of PSBs) Directions, 2019 – Master Direction RBI/DBR/2019-20/71Master Direction DBR.Appt.No: 9/29.67.001/2019-20 August 2, 2019 Master Direction – Reserve Bank of India (‘Fit and Proper’ Criteria for Elected Directors on the Boards of PSBs) Directions, 2019 In exercise …
No Foreclosure Charges /Prepayment Penalty on Floating Rate Term Loans for purposes other than business to individual borrowers – RBI In 2012, RBI in terms of the Monetary Policy Statement 2012-13 mandated that banks will not be permitted to charge foreclosure charges/pre-payment penalties on home loans on floating …
