Category: Banking Sector

Under the large exposures framework, a bank’s exposure to all its counterparties and groups of connected counterparties, excluding certain exposures, are considered for exposure limits.

The meeting has decided to continue with the accommodative stance as long as necessary – at least during the current financial year and into the next financial year – to revive growth on a durable …

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The Government or the District Magistrate is empowered to investigate any fraudulent transaction allegedly undertaken by, or any properties and money believed to have been acquired by any financial establishment Suo motto or on basis …

Read More "The Karnataka Government empowers the magistrate to investigate any fraudulent transaction by any financial establishment"

The Direction provides necessary guidelines for the Regulated Entities to set up a robust governance structure and implement common minimum standards of security controls for digital payment products and services.

The Reserve Bank of India, for the purpose of enabling the HFCs to regulate the financial system to the advantage of the country and to prevent the affairs of any Housing Finance Company (HFCs) from …

Read More "Master Direction – Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021"

The remittance shall be made only for making investments in IFSCs in securities, other than those issued by entities/companies resident (outside IFSC) in India.

A person resident in India and non-resident, to the extent specified in these Directions shall be eligible to participate in credit derivatives market.

AD Cat-I banks may post and collect such margin outside India in the form of freely convertible foreign currency.

New investors from or through non-compliant FATF jurisdictions, whether in existing NBFCs or in companies seeking Certification of Registration (COR), should not be allowed to directly or indirectly acquire ‘significant influence’ in the investee (significant …

Read More "RBI instructions for investment in NBFCs in jurisdictions with weak measures to combat money laundering and terrorist financing"

The Framework shall be applicable to all ancillary service providers engaged in one or more permissible ancillary services within the IFSC.