Category: RBI
RBI issues FAQ on Cash Withdrawal Facility at Point of Sale (PoS) Terminals In order to enhance the customer convenience in using the plastic money, RBI in 2009 permitted cash withdrawals at POS terminals. initially, this facility was made available for all debit cards issued in India, upto …
Statutory branch audit of PSBs-RBI modifies coverage norms for FY 2019-20 in view of Covid-19. Now 90% of funded /non-funded exposures only to be audited _RESERVE BANK OF INDIA DOS.ARG.No.6605 /08.91.001/2019-20 April 27, 2020 The Chief Executives of all Public Sector Banks Madam/Dear Sir, Statutory Branch Audit of …
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 …
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 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 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 …
15 FAQ on RBI three months Moratorium on Term Loans EMIs and WC Facilities Frequently Asked Questions: RBI Allowed Banks to Declare Moratorium on Term Loans Ministry of Finance has issued following FAQ on Reserve Bank of India advisory for Banks to declare a three-month moratorium on …
RBI frames regulatory guidance on Implementation of IndAS by NBFCs/ARCs Non-Banking Financial Companies (NBFCs) covered by Rule 4 of the Companies (Indian Accounting Standards) Rules, 2015 are required to comply with Indian Accounting Standards (Ind AS) for the preparation of their financial statements. In order to promote a …
Restructuring of advances for Projects under Implementation without being classified as NPA. RBI amends Prudential Norms on Asset Classification RBI in order to harmonise the guidelines for deferment of date of commencement of commercial operations for projects in non-infrastructure and commercial real estate sectors, revised the guidelines for …
DICGC increases bank deposits insurance coverage to Rs. 5 lakhs. What type of deposits insured? Read Guide to DICGC Insurance & FAQ with examples Deposit Insurance and Credit Guarantee Corporation has increased the insurance coverage for depositors in all insured banks to ₹ 5 lakh As declared in …
