There are considerable gaps in funding for SMEs: In India, the total addressable demand for external credit is estimated to be USD 173 billion[1] while the overall supply of finance from formal sources is estimated to be USD 441 trillion. The Expert Committee on Micro, Small and Medium Enter...
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 ...
RBI circular on Maintenance of Cash Reserve Ratio (CRR) by Scheduled State Co-operative Banksraj kumar makkadEmail thisPrint this
Indian central bank clarifies regulations as local banks shun crypto May 31, 2021 by Helen Partz Banks like HDFC and the State Bank of India reportedly cautioned customers against crypto, citing the RBI’s quashed crypto circular. 14018 News OKEx Launches Indian P2P Trading Platform Despite...
District Central Co-operative Banks /All-India Financial Institutions/ All Non-Banking Financial Companies Dear Sir/Madam, New Definition of Micro, Small and Medium Enterprises - Clarification Please refer to the circular FIDD.MSME & NFS.BC.No.12/06.02.31/2021-22 dated June 25, 2021 on ‘New...
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”. ...
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...
5. Banks/AIFIs/NBFCs should make necessary modification to their systems and commence reporting the above information to CICs within two months from the date of this circular. CICs shall make necessary modifications to their system to reflect...
SCBs (excluding Small Finance Banks and Regional Rural Banks) desirous of setting up separate subsidiaries for undertaking credit card business shall require prior approval of the Reserve Bank. (b) RRBs are permitted to issue credit cards in collaboration with their sponsor bank ...
RBI/2020-21/109 DOR.No.CRE.BC.47/21.01.003/2020-21 Reserve Bank of India RBI 2020 21 109 DOR No CRE BC 47 21 01 003 2020 21 March 23 2021 All Scheduled Commercial Banks Excluding Small Finance Banks Payments Ban