Category: RBI

RBI prohibits banks from dividend declaration for FY ended 31.03.2020

RBI prohibits banks from dividend declaration for FY ended 31.03.2020 RBI prohibits banks from dividend declaration RBI has prohibited banks from making any further dividend declaration/payouts from the profits pertaining to the financial year ended March 31, 2020 until further instructions. In India, Banks have been granted general …

RBI COVID19 Relief Package – Review of Resolution Timelines for Stressed Assets

COVID19 Regulatory Package – Review of Resolution Timelines under the Prudential Framework on Resolution of Stressed Assets RESERVE BANK OF INDIA RBI/2019-20/219DOR.No.BP.BC.62/21.04.048/2020-21  April 17, 2020 All Scheduled Commercial Banks (excluding Regional Rural Banks);All India Financial Institutions (NABARD, NHB, EXIM Bank, and SIDBI);All Systemically Important Non-Deposit taking Non-Banking Financial …

RBI COVID19 Regulatory Package – Relaxation in Asset Classification & Provisioning

RBI COVID19 Regulatory Package – Relaxation in Asset Classification & Provisioning   RESERVE BANK OF INDIA   RBI/2019-20/220DOR.No.BP.BC.63/21.04.048/2020-21   April 17, 2020   All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks)All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative BanksAll All-India …

RBI Notifies Changes in Market Hours due to COVID-19 outbreak

RBI Notifies Changes in Market Hours due to COVID-19 outbreak RBI Notifies Changes in Market Hours The unprecedented situation created by the COVID-19 outbreak has necessitated lockdowns, social distancing, restrictions on movement of people and non-essential activities, work from home arrangements and business continuity plans. The resultant dislocations …