Category: RBI

RBI releases the National Strategy for Financial Education: 2020-2025

RBI releases the National Strategy for Financial Education: 2020-2025 Financial education is defined as the possession of the set of skills and knowledge that allows an individual to make informed and effective decisions with all of their financial resources. RBI National Strategy for Financial Education: 2020-2025 Objectives To …

RBI releases Financial Stability Report July 2020

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

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 …

Foreign Exchange Management (Mode of Payment & Reporting of Non-Debt Instruments) (Amendment) Regulations

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

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 …