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...
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 ...
RBI A.P. (DIR Series) Circular No. 38 Dated 02.03.2010raj kumar makkadEmail thisPrint this
2013. Their status as staff candidate will be verified at the time of interview. In case they are not eligible to be treated as staff candidates (in terms of above referred HRMD circular), they are advised to indicate themselves as non-staff candidates and pay fees/ intimation charges as ...
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...
Banks like HDFC and the State Bank of India reportedly cautioned customers against crypto, citing the RBI’s quashed crypto circular. 14017 News OKEx Launches Indian P2P Trading Platform Despite Legal Uncertainty Aug 05, 2020 by Jack Martin OKEx has launched a peer-to-peer trading platform...
RBI has removed restrictions imposed on AEBC on on-boarding of new domestic customers with immediate effect. 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.” ...
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 ...
where the Hon'ble High Court set aside the Reserve Bank's circular regarding withdrawal of improvements. Since then, there has been persistent demand from all the pensioners/retirees for improvements in pensions. However, the matter remains unresolved till date, though the Reserve Bank and the Gov...
While the PPI accounts may be “reloadable in nature”, the amount outstanding cannot exceed ₹3,000 at any time and no cash withdrawal, refund or funds transfer will be permitted. Further, these PPIs will have perpetual validity, as per the amended master ...