Category: Banking
In accordance with RBI announcement of September 2022 on the proposed “Securitization of Stressed Assets Framework (SSAF),” a ‘Discussion Paper’ has been released, inviting comments from stakeholders. Comments may …
The RBI has extended the deadline for banks to renew locker agreements with existing customers in phases, from 01/01/2023 to 30/06/2023, 30/09/2023, and 31/12/2023, to cover 50%, 75%, and …
The Annual Report on “consumer education and protection activities” that were carried out during the Financial Year (FY) 2021–22 as part of the Reserve Bank of India’s (RBI’s) “Ombudsman …
As stated by the RBI Governor today in the Monetary Policy Statement, the Reserve Bank of India (RBI) increased the repo rate by 0.35 percent basis points, raising it …
The Reserve Bank of India (RBI) has issued rulings/orders imposing financial/monetary penalties in the case of several banks, for violating or failing to comply with the guidelines/requirements prescribed under …
Prime Minister Shri Narendra Modi has dedicated 75 Digital Banking Units (DBUs) in 75 districts across the country via video conference, in line with the Announcement by Finance Minister …
The Reserve Bank of India (RBI) has raised the repo rate for the fourth time in a row, bringing it up to 5.9%. RBI Increases Repo Rate to 6.25 …
RBI has issued consolidated/ revised guidelines and instructions for scheduled commercial banks and payment banks, regarding opening of Current Accounts and Cash Credit/ Overdraft (CC/ OD) Accounts in various …
RBI has issued revised/ updated Master Circular on Prudential Norms for Income Recognition, Asset Classification (IRAC) and Provisioning pertaining to Advances, which consolidates the RBI Guidelines/ Directions/ Instructions/ Revisions …
RBI has released Master Directions/ Regulatory Framework 2022 in respect of Microfinance Loans, after necessary review and inviting public suggestions/ comments, i.e. the Reserve Bank of India (Regulatory Framework …
