RBI has asked the CEOs of UCBs to conduct a self-assessment of their existing outsourcing arrangements and bring the same in line with RBI’s guidelines within a period of six months. The Circular contains guidelines for hiring outsourcing services by the banks. RBI, however, admits that for...
RBI circular jeopardises indebted IndiaCos.The Reserve Bank of India's recent circular on Overseas Direct Investment has been criticised by for jeopardising deals in progress. The bigger problem, however, is that it clouds the future of foreign debt refinancings and restructuringsLee...
On October 22, 2021, the RBI introduced the Scale-Based Regulation (SBR) framework for NBFCs through the circular titled “A Revised Regulatory Framework for NBFCs” (‘SBR Circular’)[1]. This framework applied to all NBFCs, including Core Investment Companies (CICs) and Housing Finance Comp...
Assuming there is an overlapped investment, the RE will have to exit within 30 days, which will create liquidity issues for AIFs, in addition to challenging the lock-in restrictions. In conclusion, in our view, this Circular has traveled much beyond its intent, and needs to be reviewed an...
According to the RBI’s circular, banks must compute dividends on the basis of the “dividend payout ratio”. Dividend payout ratio is the ratio between the amount of the dividend payable in a year and the net profit for the financial year for which the dividend is proposed. ...
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 ...
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...
IRDA: issues Master Circular on Insurance Advertisements. The guidelines have been issued with the intention of protecting the interest of the insuring public, enhance their level of confidence on the nature of sales material used and ultimately encourage fair business practices. They are to be consi...
A draft circular in this regard will be issued shortly for public comments. 5. Discussion Paper on Scale-based Regulatory Framework for NBFCs The contribution of NBFCs as a supplemental channel of credit intermediation alongside banks is well recognised. Regulatory regime governing the NBFC sect...
insofartheyrelatetoprovidingbankfinancetothehousingsector.TheMasterCircularhasalsobeenplacedontheRBIweb-site(http://.rbi.in).Yoursfaithfully,(P.VijayaBhaskar)ChiefGeneralManagerEncls:Asabove3MasterCircularHousingFinanceCONTENTS1.Introduction32.DirectHousingFinance33.IndirectHousingFinance44.HousingLoansUnderPriority...