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...
the government had notified amendment to the Prevention of Money-laundering (Maintenance of Records) Rules, 2005. As per the circular, the reporting entity should capture a clear image of PAN card
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...
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...
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.” By order dated April 23, 2021, RBI had prohibited AEBC from on-boarding new domestic customers onto its card network from May 1, ...
The charges for transactions up to ₹50,000 shall continue as provided in circular DPSS (CO) No.1381/04.09.003/2008-09 dated February 09, 2009. For transactions beyond ₹50,000, the charges prescribed by SBI shall apply. The banks shall put in place suitable velocity checks and ot...
(ii) Protection selling by FPIs shall be subject to the provisions of A.P. (DIR Series) Circular No. _ dated xxxx xx, 2021 (to be issued). 7. Operational Directions for CDS in OTC market 7.1 Buying, Unwinding and Settlement
The circular issued by the apex bank accentuates the vulnerability ‘arising from the banks’ ATMs operating on unsupported version of operating system and non-implementation of other security measures’. In addition to the mandate on OS upgrade, the RBI has also called out to banks to ...
The individual credit card limit together with other unsecured borrowings by an individual shall not exceed the permissible unsecured limit for an individual borrower. The credit card limits for nominal members shall be as prescribed in the circular UBD.No.Plan.PCB.20/09.63.00/...