Category: Banking Sector

The G20 TechSprint 2023 is open to developers from around the world. Participants may access the page https://hackolosseum.apixplatform.com/h1/g20techsprint2023 for registrations and further steps including submission of solutions.

It has been decided to harmonize the provisioning norms for standard assets applicable to all categories of UCBs, irrespective of their Tier in the revised framework.

The terms and conditions of the credit facilities extended in the form of GCC shall be as per the Board approved policies of the banks, within the overall framework laid down by Reserve Bank.

Release of funds under Centrally Sponsored Schemes (Css), monitoring utilization of funds released and Procedure for remitting the interest earned from the funds released shall be done through the single nodal account of Single Nodal …

Read More "Clarification regarding Procedure for remitting the interest earned from the funds of Centrally Sponsored Schemes"

RBI on April 20, 2023 has notified that it is not necessary to activate CCyB at this point in time.

The Monetary Policy Committee (MPC) decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent. The MPC also decided to remain focused on withdrawal of accommodation to …

Read More "Minutes of 42nd Meeting of the Monetary Policy Committee"

Comments by the stakeholders on the ‘Draft Circular’ may be submitted by May 15, 2023 to the Chief General Manager, Department of Regulation, Central Office, Reserve Bank of India, 12th Floor, Central Office Building, Shahid …

Read More "Draft Circular on Fair Lending Practice – Penal Charges in Loan Accounts"

REs shall put in place a comprehensive Board-approved policy on green deposits laying down therein, all aspects in detail for the issuance and allocation of green deposits.  A copy of the above policy on ‘Green …

Read More "Framework for acceptance of Green Deposits"

The underlying principle of these directions is to ensure that outsourcing arrangements neither diminish Regulated Entities (REs) ability to fulfil its obligations to customers nor impede effective supervision by the RBI.

the RBI has revamped the application form for for registration as Core Investment Companies to make it structured and aligned with the extant CIC regulations. The RBI has provided the revised application form together with an indicative list …

Read More "Simplified Registration of Core Investment Companies"