In a recently released draft circular, RBI has proposed new rules of dividend payout for domestic and overseas banks operating in India. The proposed rules will be effective from fiscal year 2024-25 onwards. RBI has invited public feedback on the proposed rules by 31 January, 2024. The draft...
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://...
In conclusion, in our view, this Circular has traveled much beyond its intent, and needs to be reviewed and softened. Our other resources on the subject: Trust, but verify: AIFs cannot be used as regulatory arbitrage (updated on October 9, 2024) FAQs on Specific Due Diligence of invest...
The coin will be in the denomination of ₹100. It will be circular, with a diameter of 44 millimetres and 200 serrations. Its weight will be 35-gram. Coin’s metal composition will be a quaternary alloy, with silver having a share of 50%, copper 40%, nickel 5%, and zinc 5%. The...
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://...
The 2023 TechSprint will focus on solutions for three challenges cross-border payments face. Anti-Money Laundering and Sanctions technology solutions will be the first focus to reduce illicit finance risk. In second aspect, foreign exchange and liquidity technology solutions will be covered to enable ...
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://...
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://...
In November 2020, RBI had issued circular to scheduled commercial banks on Co-Lending Model (CLM). The circular was issued with the goal of leveraging banks' and NBFCs' comparative advantages in a collaborative effort in all categories of priority sector lending. ...
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://...