Tag: rbi guidelines

Co-Lending by Banks and NBFCs to Priority Sector

Co-Lending by Banks and NBFCs to Priority Sector RBI in its Third Bi-Monthly Monetary Policy Statement 2018-19 introduced the Co-origination Model between Banks and Non-Banking Financial Companies – Non-Deposit taking – Systemically Important (NBFC-ND-SIs) for providing competitive credit to priority sector. Based on the feedback received from the …

RBI Releases Revised Priority Sector Lending Guidelines

RBI Releases Revised Priority Sector Lending Guidelines Reserve Bank of India has comprehensively reviewed the Priority Sector Lending (PSL) Guidelines to align it with emerging national priorities and bring sharper focus on inclusive development, after having wide ranging discussions with all stakeholders. Reserve Bank of India (Priority Sector Lending – …

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 …

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 …

RBI revised guidelines for concurrent audit of banks. Accountability to be fixed in serious omission/ commission

RBI revised guidelines for concurrent audit of banks-Scope, coverage of business/branches, minimum items / area of coverage, etc. RBI has revised guidelines for concurrent audit of banks. Accountability to be fixed in serious acts of omission/commission  RBI revised guidelines for concurrent audit of banks RESERVE BANK OF INDIA …