Category: Banking Sector

The total exposure of an originator to the securitisation exposures belonging to a particular securitisation structure or scheme should not exceed 20% of the total securitisation exposures created by such structure or scheme.

The lenders must put in place a comprehensive Board-approved policy for transfer and acquisition of loan exposures under these guidelines. These guidelines must, inter alia, lay down the minimum quantitative and qualitative standards relating to …

Read More "RBI publishes master direction on Transfer of Loan Exposures."

The Master Circular provides that the total investments of a co-operative bank in the shares of co- operative institutions shall not exceed 2 per cent of its owned funds (paid-up share capital and reserves). The …

Read More "Master Circular for Investments by Primary (Urban) Co-operative Banks"

The policy for introduction of new over the counter (OTC) derivative products shall, inter-alia, include the process for evaluation and approval of new products. All new products shall be approved by the Board of Directors.

Any non-bank entity recognized as a custodian of assets/securities by IFSCA through the branch structure, shall be permitted to become a Clearing Member of a Clearing Corporation in GIFT-IFSC

In terms of Section 11A of the Prevention of Money Laundering Act (PMLA), 2002, the government through a notification may permit entities other than banking firms to authenticate client’s Aadhaar number using the e-KYC facility …

Read More "RBI notifies Application form for Aadhar e-KYC Authentication License"

Through this revised framework it has been decided to permit foreign banks to exclude derivative contracts executed prior to April 1, 2019 while computing the derivative exposures on their Head Office (including overseas branches).

Through this amendment regulation 15 which deals with advance payment against exports has been amended.

The RBI had earlier permitted ‘tokenisation’ services, under which a unique alternate code is generated for transaction purposes, on mobile phones and tablets of cardholders.

IMF makes the general SDR allocation to its members in proportion to their existing quotas in the Fund. The Board of Governors of the IMF had approved a general allocation of about SDR 456 billion …

Read More "RBI publishes details of General Allocation of Special Drawing Rights by the IMF"