Category: RBI
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 …
Foreign Exchange Management Deposit Amendment Regulations 2019. Regulation authorising Indian company to accept deposit by issue of Commercial Paper deleted RESERVE BANK OF INDIA(FOREIGN EXCHANGE DEPARTMENT)(CENTRAL OFFICE) Notification No. FEMA 5 (R) 2 /2019-RB Mumbai, the 16th July, 2019 Foreign Exchange Management (Deposit)(Amendment) Regulations, 2019 G.S.R. 498 (E).— …
RBI extends last date for filing Foreign Liabilities and Assets FLA return for 2018-19 to 31.07.2019 RBI, in view of the recent change in reporting platform for submission of FLA return, has extended the last date for filing the FLA return for 2018-19 to July 31, 2019 for …
RBI opens third office of the Ombudsman at New Delhi As announced in the Monetary Policy Statement of December 5, 2018, the Reserve Bank of India (RBI) had launched the Ombudsman Scheme for Digital Transactions (OSDT) on January 31, 2019. The Reserve Bank has set up a third …
