RBI publishes master direction for securitisation of standard assets.

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.

RBI publishes master direction on Transfer of Loan Exposures.

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 …

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

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 …

RBI publishes Reserve Bank of India (Market-makers in OTC Derivatives) Directions, 2021.

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.

Non-Bank Entity recognized as a custodian by IFSCA permitted to become a clearing member.

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

RBI notifies Application form for Aadhar e-KYC Authentication License

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 …

RBI revises the Large Exposures Framework.

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).

The Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations, 2021.

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

RBI enhances the framework on card tokenisation services to reinforce the safety and security of card data.

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.

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

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 …

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