Who audits cybersecurity? What are the types of cybersecurity? What are the 5 Cs of Cyber Security? Who regulates NBFC? What is the role of cyber security in banking? What is RBI Cyber security framework? What are the key principles stated in the RBI Master Directions for information techno...
Usage of Cloud Computing Services In addition to the Outsourcing of IT Services controls prescribed in these Directions, REs shall adopt the following requirements for storage, computing and movement of data in cloud environments: 1. While considering adoption of cloud soluti...
1. RBI has released Master Direction to the Asset Reconstruction Companies. RBI released the Master Direction - Reserve Bank of India (Asset Reconstruction companies) Directions, 2024. RBI released them to ensure prudent and efficient functioning of ARCs and to protect the interest of investors. Acc...
Para 26A of the CIC Master Directions deals with Investments in AIFs. The language of the provisions suggest that CICs are permitted to invest in AIFs. However, this provision introduces a significant legal contradiction that undermines the regulatory framework governing CICs. According to theDoctri...
Master Direction – Reserve Bank of India (Regulatory Framework for Microfinance Loans) Directions, 2022SRO 01 April,2018 Cap on Over indebtedness FUND RAISING 27 June, 2013 Raising Money through Private Placement by NBFCs-Debentures etc20
the enclosed Directions shall come into effect from October 1, 2023. These directions will be applicable to all the scheduled commercial banks (excluding regional rural banks), local area banks, small finance banks, payments banks, primary (urban) co-operative banks, non-banking financial companies...
The RBI has provided directions for those operating AePS terminals. It stated that the bank responsible must carry out due diligence of all AePS touchpoint operators according to Master Direction – Know Your Customer (KYC) Direction, 2016. ...
or otherwise for any activity other than its own and the acquisition of securities, and granted a CoR under Section 45IA of the Reserve Bank of India Act, 1934 (2 of 1934); and is not any other category of NBFCs as defined by the Reserve Bank in any of its Master Directions. ...
These Directions has also emphasized the need for instituting robust internal audit and controls framework in the Regulated Entities (REs). These Revised Master Directions ask the lenders to set up Data Analytics and Market Intelligence Unit for the purpose of strengthening risk management systems. ...
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 ...