The RBI annually publishes the applicable guidelines for FFMC in the form of a master circular called the Memorandum of Instruction on Money Changing Activities. What are the Types of Money Changers? The different types of authorized money changers or dealers are the businesses granted Full ...
(MITC) must be furnished to the borrower. However, when the KFS circular was first introduced, there was some ambiguity regarding whether both the MITC and KFS would apply to HFCs. This confusion arose because both disclosures contained overlapping information. However, with the recent updates to...
6 (d) An indicative list of the nature and type of documents/information that may be may be relied upon for customer identification is given in Annex I to this Master Circular. It is clarified that permanent correct address, as referred to in Annex I, means the address at which...
The RBI's Master Direction guidelines, dated June. 2017 outlined the importance of Informed Technology and Cyber Security for NBFCs in RBI circular and guidelines. The information security framework discussed key principles such as confidentiality, integrity and authenticity of information assets for the...
WH I TE P AP ER | 3 VMware Cloud on AWS Requirements in the RBI Master Direction on Outsourcing of Information Technology Services The following table describes the requirements in the RBI's circular in the Master Direction on Outsourcing of Information Technology Services ...
RBI Circular dated October 19, 2018 on "Basic Cyber Security Framework for Primary (Urban) Cooperative Banks (UCBs)" https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11397&Mode=0 RBI recommended a basic cyber security framework to be implemented by all the UCBs (Ref 3): http://...
Earlier this year, Karnataka’s transport departmentissueda circular introducing uniform fares for cab aggregators like Ola and Uber, dividing cab rides into three categories based on the vehicle’s price. 12,000 have joined out of 1.25 lakhs ...
3. DBR.No.FSD.BC.18/24.01.009/2015-16 July 1, 2015 Master Circular on Credit Card, Debit Card and Rupee Denominated Co-branded Pre-paid Card Operations of Banks and Credit Card issuing NBFCs 4. DBOD.No.FSD.BC.30/24.01.001/2013-14 July 15, 2013 Unsolicited Com...
Earlier this year, Karnataka’s transport departmentissueda circular introducing uniform fares for cab aggregators like Ola and Uber, dividing cab rides into three categories based on the vehicle’s price. 12,000 have joined out of 1.25 lakhs ...
Based on the review of the earlier Master Directions, Circular and emerging issues, these revised Master Directions have been prepared. These Master direction are principle-based. They strengthen the role of the Board in overall governance as well as oversight of fraud risk management in REs. ...