7. Digital Payment Security Controls Going by the pre-eminent role being played by digital payment systems in India, RBI gives highest importance to the security controls around it. Now it is proposed to issue Reserve Bank of India (Digital Payment Security Controls) Directions, 2020 for reg...
The circular says that scheduled commercial banks (private, foreign and nationalized banks listed in the schedule of RBI Act, 1934) must proactively create or modify their policies, procedures and technologies based on new security developments and concerns. RBI Circular dated June 2, 2016 on "...
According to a circular issued by SEBI, the board will prohibit regulated entities, including market infrastructure institutions (MIIs) such as registered stock exchanges, clearing corporations, and depositories, from engaging with finfluencers involved in the following activities: Provide advice or recomm...
2. RBI has released draft circular on Credit Card Network Portability. RBI has proposed rules that could possibly restrict card issuers from engaging in exclusive arrangements with card networks like Mastercard, Visa or RuPay. The central bank also proposed that rules would apply to both banks and...
According to a circular issued by SEBI, the board will prohibit regulated entities, including market infrastructure institutions (MIIs) such as registered stock exchanges, clearing corporations, and depositories, from engaging with finfluencers involved in the following activities: ...
Amend notification No. 19/2019 dated 06th July 2019 amend notification No. 25/2002-Customs,additional capital goods exempted from basic customs duty for manufacturing lithium-ion batteries for mobile phones & electric vehicles Amend notification No. 57/2017 dated 30th June, 2017...
RBI has removed restrictions in view of the satisfactory compliance demonstrated by AEBC with RBI’s April 2018 circular on “Storage of Payment System Data.” By order dated April 23, 2021, RBI had prohibited AEBC from on-boarding new domestic customers onto its card network from May 1, ...
The circular says that scheduled commercial banks (private, foreign and nationalized banks listed in the schedule of RBI Act, 1934) must proactively create or modify their policies, procedures and technologies based on new security developments and concerns. RBI Circular dated June 2, 2016 on "...
7. Finance Minister Nirmala Sitharaman addressed ADB’s Governors’ Seminar. She addressed the seminar on the theme ‘Policies to Support Asia’s Rebound’. The seminar was held as part of 56th ADB (Asian Development Bank) Annual Meeting in Incheon, South Korea. ...
2022 to adhere to the capital adequacy norms provided for NBFCs (Ref. Annex I of Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016). Accordingly, a separate circular would b...