RBI framework for Voluntary transition of Small Finance Banks to Universal Banks
The eligible SFB may submit its application for transition to Universal Bank, in the prescribed form (Form III) in terms of Rule 11 of the Banking Regulation (Companies) Rules, 1949, along with other requisite documents, to Department of Regulation, Reserve Bank of India, Central Office, 12th Floor, Central Office Building, Shahid Bhagat Singh Road, Mumbai – 400001.
RBI has issued the limits for investment in debt and sale of credit default swaps by Foreign Portfolio Investors (FPIs)
The limits for FPI investment in government securities (g-secs), state government securities (SGSs) and corporate bonds shall remain unchanged at 6 per cent, 2 per cent and 15 per cent respectively, of the outstanding stocks of securities for 2024-25.
RBI invites comments on the Draft Circular on “Digital Lending – Transparency in Aggregation of Loan Products from Multiple Lenders”
Comments/ feedback, if any, may be sent by e-mail with the subject line “Comments on Draft Circular on Digital Lending – Transparency in Aggregation of Loan Products from Multiple Lenders”, by May 31, 2024.
RBI FAQ on comprehensive guidelines on Default Loss Guarantee (DLG) in Digital Lending
The Reserve Bank of India (RBI) has recently issued FAQ on comprehensive guidelines on Default Loss Guarantee (DLG) in Digital Lending, aiming to regulate and enhance transparency in the digital lending ecosystem. These guidelines provide a structured framework for managing DLG arrangements, ensuring prudent risk management practices while fostering innovation in the digital lending landscape.
India Allows Limited Onion Exports To Specified Countries
It may be recalled that a ban on onion exports was implemented due to concerns about lower crop yields compared to the previous year. However, the government has now permitted limited exports to Bangladesh, UAE, Bhutan, Bahrain, Mauritius and Sri Lanka,
Enhancing Occupational Safety: The Draft Sikkim Occupational Safety, Health and Working Conditions Rules, 2024
The Labour Department of Sikkim has issued the Draft Sikkim Occupational Safety, Health and Working Conditions Rules, 2024, aimed at enhancing the safety and well-being of workers. The rules, which extend to the entire state, lay out specific requirements for employers and invite objections or suggestions for consideration.
Updated Standards for City Natural Gas Distribution Networks in India
The amendments primarily focus on updating standards for natural gas metering equipment within these networks. Additionally, it has deleted specifications referencing “Thermal Mass Flow” and conformity to ISO 14511.
New Rules Regulate Captive Elephant Transfers and Transport in India
The rules provide that transfers and transport of elephants require separate applications to be submitted to designated forest department officials. These applications must be accompanied by veterinary health certificates.
