Category: RBI
Reserve Bank of India Constitutes Committee on the Development of Housing Finance Securitisation Market Reserve Bank of India, with a view to review the existing state of mortgage securitisation in India and various issues constraining market development, and to develop the market further, the Reserve Bank of India …
RBI extends RTGS Timings for Customer Transactions from 4:30 pm to 6:00 pm from 1st June 2019 Real Time Gross Settlement (RTGS) System – Extension of Timings for Customer Transactions As per RBI notification, timings for customer transactions (initial cut-off) in RTGS shall be extended from 4:30 pm …
RBI releases draft circular on “Liquidity Risk Management Framework for Non-Banking Financial Companies and Core Investment Companies” for public comments The Non-Banking Financial Companies (NBFCs) play an important role in the financial system of the country, particularly in delivering credit to the last mile, including the retail as …
NBFCs to appoint a Chief Risk Officer if their asset size is more than 50 billion – RBI issues guidelines RBI has decided that NBFCs with asset size of more than Rs. 50 billion shall appoint a Chief Risk Officer (CRO) with clearly specified role and responsibilities. The …
RBI invites application for Scholarship Scheme for Faculty Members from Academic Institutions for undertaking short term research The Reserve Bank of India invites application as per prescribed format from full-time faculty members, teaching economics or finance in any University Grants Commission (UGC) or All India Council for Technical Education …
RBI extends coverage of NBFC Ombudsman Scheme to eligible Non Deposit Taking NBFC Reserve Bank of India (RBI) has extended the coverage of Ombudsman Scheme for Non-Banking Financial Companies (NBFCs), 2018 (the Scheme) to eligible Non Deposit Taking Non Banking Financial Companies (NBFC-NDs) having asset size of Rupees …
No 5 day week in commercial banks-RBI clarification Reserve Bank of India Date : Apr 20, 2019 RBI clarification on 5 day week in commercial banks It has been reported in certain sections of the media that commercial banks would have a 5 day week in terms of RBI …
Merger of Lakshmi Vilas Bank and Indiabulls Housing Finance Ltd not approved yet- RBI Reserve Bank of India Date : Apr 06, 2019 Announcement of Merger of Lakshmi Vilas Bank and Indiabulls Housing Finance Limited Reserve Bank of India (RBI) has learnt through media reports that Lakshmi Vilas Bank …
Supreme Court declares RBI Circular on revised framework for resolution of stressed assets ultra vires . All cases proceeded declared to be non-est ABCAUS Case Law Citation:ABCAUS 2857 (2019) (04) SC Important Case Laws Cited/relied upon by the parties RBI by Notification/circular dated 12.02.2018 had promulgated a revised …
RBI specify threshold percentage for disclosure of divergence in asset classification & provisioning by banks with additional provisioning assessed by RBI The RBI vide Notification dated 18.04.2018 mandated disclosures by banks on divergences from prudential norms on income recognition, asset classification and provisioning exceed certain thresholds. It had …
