On October 10, 2024, RBI updated the Master Direction – Non-Banking Financial Company – Housing Finance (‘HFC Directions’) applicable to HFCs. The HFC Directions were updated to consolidate various circulars that have been issued since its last update on March 21, 2024. A significant change...
RBI Master Direction on Outsourcing of Information Technology Services Conclusion Contributors 3 3 3 4 15 15 WH I TE P AP ER | 2 VMware Cloud on AWS Introduction In April 2023, the Reserve Bank of India (RBI) published the guidelines for regulated entities (RE) ...
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...
Ensure Compliance with RBI Master Directions The RBI regulators have increased the responsibility of the auditors because when reporting to the board on a certain matter, the auditor needs to be very careful while performing a cyber security audit for NBFC to take to report to the RBI and comply...
These revised Master Directions (MDs) have also been made applicable to Rural Cooperative Banks. With the issuance of three MDs on “Fraud Risk Management” for the three categories of lenders, existing 36 Circulars on the subject stand withdrawn, as per RBI. ...
Master Direction – Credit Card and Debit Card – Issuance and Conduct Directions, 2022 In exercise of the powers conferred by Sections 35A and Section 56 of the Banking Regulation Act, 1949 and Chapter IIIB of the Reserve Bank of India Act, 1934, the Reserve Bank of India being...
A license holder must mandatorily comply with the directions & guidelines issued by the RBI. Hence, the full-fledged money changer license holder shall not engage in any transaction that is not in conformity with the authorization terms of the RBI. Foreign Currency Exchange Service Market Size ...
605 trainings and awareness programmes on the ICT services conducted from May 2020 to October 2024 covering nearly 6.6lakh stakeholders, including High Court Judges, Judges of the District Judiciary, Court Staff, Master Trainers among Judges/DSA, Technical Staff of High Courts, and Advocates under ...
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