Banks must account for Non-Performing Assets (NPAs) in their loan portfolio and provision these accordingly. Any DLG invoked can’t be set off against these individual loans. All DLG agreements made with LSPs must remain in place for at least as long as the longest tenor of the loan in th...
Further, regulated entities are required to seek certain regulatory approvals from RBI under various statutes / regulations periodically. Currently, the application and approval processes for the same take place in varied on-line and off-line modes. The Union Budget for 2023-24 has announced the ...
and lending to those sections of the indian economy not serviced by mainstream nationalised banks. these sections include small business units, small and marginal farmers, micro and small industries and unorganised sector entities. a brief summary of the regulations involving sfbs are highlighted below...
“The retail eRupee pilot began in December 2022 and there has been very little public announcement with respect to it. RBI Deputy Governor Rabi Sarkar reportedly spoke about it in a closed-door IBA meeting – and in June 2023, banks were asked to expand the scope of the pilot and leading...
No. The regulations apply to INR as well as non-INR payments. Stripe supports non-INR e-mandates only for specific currencies and for international (non-IN) businesses. A small set of issuing banks might still not support e-mandates for a particular currency yet. If an e-mandate cannot be...
RBI is in charge of overseeing currency regulations in India. The Reserve Bank of India performs a number of functions, including monitoring various policies that are prepared for banks and controlling credit by analysing the economic environment and changing them to have a good handle on financial...
However, regulations in India have scuttled the possibility. Acquisition of receivables by intermediaries (either on their balance sheet, or in the balance sheets of trade finance conduits) is quite common world-over[5]. However, this activity has not picked up in India, for several reasons: ...
(i) That you must abide by the rule and regulations of RBI for a successful transfer of your fund amount. (ii) That you must ensure 100% confidentiality of fund transaction with RBI for security reasons, as your fund amount is huge amount of amount. (iii) That you must ensure that you...
The Reserve Bank of India acts as the savior of the Indian economy by maintaining economic regulations and keeping inflation and other disparities under control. As is obvious from the objectives and functions, it is the boss of commercial banks and helps in keeping commercial banks profitable ther...
This includes a mandate to encourage data security practices that protect citizen's privacy, minimize the opportunity for fraud, and improve the integrity of financial transactions. The Reserve Bank of India issued guidance in April 2011 for banks to mitigate the risks of use of information ...