Core Management Functions: Non-Negotiable Responsibilities The Outsourcing Guidelines explicitly prohibits NBFCs from outsourcing core management functions vital to governance, decision-making, and risk management. The core management functions are those that are vital and crucial for the existence as well ...
However, in case of any deterioration in credit risk profile of the borrower, REs shall be free to alter the credit risk premium under extant guidelines on interest rate. Draft guidelines to the above effect shall be placed on RBI website shortly, for comments from stakeholders. 3. Regulatory...
This paper examines Oracle Database security capabilities that can be used to help comply with RBI Guidelines for Database Activity Monitoring. RBI CIRCULARS RBI Circular dated April 29, 2011 on "RBI Circular: Working Group on Information Security, Electronic Banking, Technology Risk Management and ...
Filters based on predefined content block documents containing sensitive information like credit card numbers (CCNs), social security numbers (SSNs) and other personally identifiable information (PII). The Content Aware Protection module complements the Device Control solution, thus transfers to removable...
11. Review of Comprehensive Guidelines on Derivatives The Comprehensive Guidelines on Derivatives, issued in November 2011, set out inter alia the regulatory requirements in respect of customer suitability and appropriateness, governance arrangements and risk management for Over The Counter (OTC) deriva...
Reports on the Reserve Bank of India's issuance of new guidelines based on the Foreign Exchange Regulation Rules 1974 regarding the payment of exported goods. Realization and payment of the amount representing the full value of the goods by the exporters to the authorized dealer on the due date...
Companies issuing PPIs mustcomplywith RBI guidelines. These include customer verification processes, transaction limits, and maintaining a certain level of liquidity. The RBImandatescertain consumer protection measures, including ensuring the security of transactions and offering grievance redressal mechanisms. ...
As per revised guidelines, credit of 100% foreign exchange earnings to the EEFC account is allowed subject to the condition that the sum total of the accruals in the account during a calendar month should be converted into Rupees on or before the last day of the succeeding calendar month aft...
“The recently issued regulatory guidelines on digital lending strike a well considered balance between customer protection and business conduct on the one hand and supporting innovation on the other,” Das said. He stressed that innovations must be responsible and should enhance the efficiency and res...
Directors and shareholders must adhere to RBI guidelines Schedule Meeting Post Registration Compliance for NBFC License Certificate Since 2020, the RBI has introduced various mandatory post-registration compliances for NBFC license certificate, which include the following: CIC (Credit Information Companies)...