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...
November 28, 2024/0 Comments/inFinancial Services,NBFCs,RBI/byVinod Kothari –Vinod Kothari (vinod@vinodkothari.com) Paragraph 42 of theMaster Direction – Reserve Bank of India Non-Banking Financial Company – Scale Based Regulation) Directions, 2023(‘SBR Directions’), mandates obtaining prior ...
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
s shift towards supporting economic growth. TheReserve Bank of India’s (RBI)Monetary Policy Committee (MPC)isexpectedtoreduce the repo rate in 2025due tomultipleeconomic and financial factors.These include slowingeconomic growth,easinginflation,global economic conditions,f...
These Directions has also emphasized the need for instituting robust internal audit and controls framework in the Regulated Entities (REs). These Revised Master Directions ask the lenders to set up Data Analytics and Market Intelligence Unit for the purpose of strengthening risk management systems. ...
Penalty of Rs 10.50 lakh has been imposed for non-compliance with provisions of the ‘Monitoring of Frauds in NBFCs (Reserve Bank) Directions, 2016’. Topic: Banking System 5. Banks have kept savings deposit rates unchanged in the current tightening period as per RBI’s Monetary Policy report...