By Anup Roy
The guidelines of RBI mandate the need for a cyber-security policy for regulating entities to combat cyber threats, and the guidelines delve into specific aspects of cyber security such as management, plans and measures for handling the financial services by NBFCs or banks or digital signatures. ...
Regardless, the co-lending must comply with other applicable norms, such as the RBI norms on co-lending by banks and NBFCs, which require the funds to be routed through an escrow account with the bank. FLDG: The use of FLDG is one of the issues that is still being examined by the ...
To identify potential risks associated with AI, if any and recommend an evaluation, mitigation and monitoring framework and consequent compliance requirements for financial institutions, including banks, NBFCs, FinTechs, PSOs, etc. To recommend a framework including governance aspects for responsible, et...
Regulatory-Updates-for-the-month-of-November-2024-.docxDownload Chains of control: Change of control approval keeps NBFCs perplexed, often non-compliant November 28, 2024/0 Comments/in Financial Services, NBFCs, RBI /by Vinod Kothari –Vinod Kothari (vinod@vinodkothari.com) Paragraph 42 of the...
RBI suggests quality credit without delay:Draft MSME Policy The credit quality of micro,small and medium enterprises(MSMEs)availing loans from private sector banks and NBFCs is significantly doing better,the draft N... RI Group - 《Rubber India Offial Organ of All India Rubber Industries Associat...
4. Dividend Distribution Policy for NBFCs Unlike banks, currently there are no guidelines in place with regard to distribution of dividend by NBFCs. Keeping in view the increasing significance of NBFCs in the financial system and their interlinkages with different segments, it has been decide...
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The Union governmentintroducedthe APAAR registry as part of a recommendation from the National Education Policy 2020, which called for the establishment of an online “academic bank” to store students’ earned credits during higher studies. Through the APAAR system, school students are given a 12-...
5. Telangana has provided 100% exemption from road tax and registration fees for Electric Vehicles (EVs). This has been done to reduce pollution and promote sustainable transportation. The new Electric Vehicle (EV) policy is being implemented in the state from 18 November 2024. ...