1. RBI has released Master Direction to the Asset Reconstruction Companies. RBI released the Master Direction - Reserve Bank of India (Asset Reconstruction companies) Directions, 2024. RBI released them to ensure prudent and efficient functioning of ARCs and to protect the interest of investors. Acc...
The RBI has provided directions for those operating AePS terminals. It stated that the bank responsible must carry out due diligence of all AePS touchpoint operators according to Master Direction – Know Your Customer (KYC) Direction, 2016. Largely, the directions call for conducting KYC throughAa...
Who audits cybersecurity? What are the types of cybersecurity? What are the 5 Cs of Cyber Security? Who regulates NBFC? What is the role of cyber security in banking? What is RBI Cyber security framework? What are the key principles stated in the RBI Master Directions for information techno...
any specific part of these Directions subject to examination and acceptance by the RBI of a reasonably justifiable explanation for the same. Outsourcing of IT Services will include outsourcing of the following activities: IT infrastructure management, maintenance and support (hardware, software or firmwar...
Policy Direction Under Malhotra It is likely todepart from the hawkish stanceof his predecessor, Shaktikanta Das. Expected tobalance inflation control with economic growth. Emphasis onstrengthening financial stability and ensuring liquidity sufficiency. ...
(a) of the CICs Master Direction has been taken from the SBR Master Direction, which is applicable to NBFCs. However, including it in the CICs Master Direction, which provided regulation specifically for CICs NBFC does not appear to serve any purpose. Even if it were to be amended, its ...
Master Direction – Reserve Bank of India (Regulatory Framework for Microfinance Loans) Directions, 2022SRO 01 April,2018 Cap on Over indebtedness FUND RAISING 27 June, 2013 Raising Money through Private Placement by NBFCs-Debentures etc20
These Master direction are principle-based. They strengthen the role of the Board in overall governance as well as oversight of fraud risk management in REs. These Directions has also emphasized the need for instituting robust internal audit and controls framework in the Regulated Entities (REs)....
A single platform to Sell or Buy NBFC Companies or Bombay Stock Exchange Listed companies and other Businesses for Sale
(Urban) Co-operative Banks Madam/Dear Sir, Master Circular on Know Your Customer (KYC) Norms/Anti-Money Laundering (AML) Measures/Combating of Financing of Terrorism (CFT) / Obligations of banks under Prevention of Money Laundering Act (PMLA), 2002 Please refer to our Master Circular UBD.BPD...