RBI circular on AIFIs – Provisioning Coverage for Advancesraj kumar makkadEmail thisPrint this
RBI circular on Priority Sector Lending – Loans to Housing Fraj kumar makkadEmail thisPrint this
The Circular contains guidelines for hiring outsourcing services by the banks. RBI, however, admits that for reducing costs as well as for availing specialist expertise, it is the prerogative of UCBs to use outsourcing. RBI however cautions that such outsourcing also exposes the UCBs to the ex...
In pursuance of the announcements made in the Statement on Developmental and Regulatory Policies dated December 04, 2020, the Reserve Bank of India has released today the Draft Circular on Declaration of Dividend by NBFCs. Comments on the Draft Circular are invited from NBFCs, industry ...
would have expected granular observations, as in the case of gold lending videcircular dated September 30, 2024. It may be the expectation of the regulator that interest rate models, based on which the actual setting of interest rates by business is done, are not vague or subjective, and ...
Therefore, RBI considered it important to have unfettered supervisory access to data stored with the system providers as also with their service providers, intermediaries, TPAPs, and other entities in the payment ecosystem, and issued a circular on April 6, 2018, "mandating all system providers to...
The setting of base interest rates impacts commercial banks and the general public. When the base rate is increased, the commercial banks have to get loans from RBI at higher rates which they pass on to the customers. An increased loan rate is undesirable for the public and it decreases the...
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...
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://...
Minimum capital adequacy ratio has been kept at 15% for a small finance bank and payment banks. It has been kept at 9% for local area banks and regional rural banks. According to the RBI’s circular, banks must compute dividends on the basis of the “dividend payout ratio”. ...