Category: RBI
The Reserve Bank Integrated Ombudsman Scheme, 2021 launched today The Reserve Bank Integrated Ombudsman Scheme, 2021 was launched today. The Scheme integrates the existing three Ombudsman schemes of RBI namely, (i) the Banking Ombudsman Scheme, 2006; (ii) the Ombudsman Scheme for Non-Banking Financial Companies, 2018; and (iii) the Ombudsman Scheme …
RBI is organising first global hackathon – HARBINGER 2021 to solve the challenges in the payment and settlement landscape Reserve Bank is organising its first global hackathon – “HARBINGER 2021 – Innovation for Transformation” with the theme ‘Smarter Digital Payments’. The Hackathon invites participants to identify and develop solutions …
RBI revised regulatory framework for NBFCs. These guidelines shall be effective from October 01, 2022. The instructions relating to ceiling on IPO funding given vide para 3.1(d) of the Annex shall come into effect from April 01, 2022 Framework for Scale Based Regulation for Non-Banking Financial Companies Regulatory …
Calendar for Sovereign Gold Bond 2021-22 notified A distinct Series (starting from Series VII) to be launched for every tranche which will be indicated on the Bond issued to the investor. The Sovereign Gold Bonds 2021-22 under this Scheme may be held by a Trust, HUFs, Charitable Institution, …
RBI debars Haribhakti & Co. LLP, Chartered Accountants from NBFC audit for 2 years from 01.04.2022 The Reserve Bank of India (RBI) has debarred M/s Haribhakti & Co. LLP, Chartered Accountants from undertaking any type of audit assignment/s in any of the entities regulated by RBI for a …
RBI latest Master Circular on Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances Reserve Bank of India has issued latest Master Circular on Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances. This Circular replaces earlier Master Circular dated 1st July …
Reserve Bank of India (Transfer of Loan Exposures) Directions, 2021 The Reserve Bank has issued the Master Direction – Reserve Bank of India (Transfer of Loan Exposures) Directions, 2021. These directions come into immediate effect replacing the existing instructions on the matter of sale / transfer of loan …
RBI issues Master Direction on Financial Statements – Presentation and Disclosures for banks. The Reserve Bank of India has, from time to time, issued several guidelines/instructions/directives to the banks on the presentation of financial statements, regulatory clarification on compliance with accounting standards, and disclosures in notes to …
Safe Deposit Lockers/Safe Custody Article Facility provided by the banks – RBI Revised Instructions RBI has issued revised instruction on Safe Deposit Lockers / Safe Custody Article Facility provided by the banks. Recently the Supreme Court had fixed liability of the banks on lockers operation. The Apex Court …
Banks to be penalised for non-availability of Cash in ATMs – RBI directions Monitoring of Availability of Cash in ATMs. RBI introduces Scheme of Penalty for non-replenishment of ATMs RBI has made a review of downtime of ATMs due to cash-outs. It was found that ATM operations affected …
