RBI directs banks to have a detailed board approved policy on methodology and periodicity for review/renewal of credit facilities.
Banks are expected to have a detailed Board approved policy on methodology and periodicity for review/renewal of credit facilities within the overall regulatory guidelines, and adhere to the same strictly.
RBI issues clarification on the new definition of Micro, Small and Medium Enterprises.
t is clarified that all the enterprises are required to register online and obtain ‘Udyam Registration Certificate’ and all lenders may, therefore, obtain ‘Udyam Registration Certificate ’from the entrepreneurs.
SEBI revises IFSC guidelines on financial reporting.
Under the revised guidelines, Sebi has stated that an entity based in India or in a foreign jurisdiction may provide financial services in IFSC, subject to compliance with the applicable regulatory framework.
