Banking June 5, 2020
The payment system data is presently published monthly by the RBI in its bulletin. However now it has decided to publish the data on a daily basis. The data relating to transactions undertaken during the …
Interest subvention and Prompt Repayment Incentive for Agriculture, Animal Husbandry, Dairy, and Fisheries loans extended till 31st August
RBI has decided to continue the availability of 2% IS and 3% PRI to farmers for the extended period of repayment upto August 31, 2020 or date of repayment, whichever is earlier.
The Reserve Bank of India vide circular dated June 04, 2020, has extended timeline for compliance with various payment system requirements keeping in view the present pandemic situation.
All insurers (Life, General, and Health Insurers) are hereby directed to formulate and publish on their respective websites the underwriting philosophy with regard to offering insurance coverage to all the persons suffering from disabilities and …
Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) Guidelines, 2020
The Board will prepare a common Panel of IPs for appointment as IRP, Liquidator, RP and BT and share the same with the AA (Hon’ble NCLT and Hon’ble DRT) in accordance with these Guidelines.
Banking May 30, 2020
Penal interest calculation for delayed reporting of State Government transactions will be made as per the methodology issued by RBI.
The Reserve Bank of India vide its Notification dated 29th May 2020, has advised the agency banks to follow the penal interest calculation for delayed reporting of State Government transactions through the methodology issued by …
Banking May 28, 2020
The Reserve Bank of India vide its press release dated 27th May announced 7.75% savings Bond Scheme from 28th May 2020.
The Union Cabinet vide 20th May 2020, approved the norms for modification of Partial Credit Guarantee Scheme (PCGS)
On the basis of the submissions made by Cross Border Re-insurer (CBR) and recommendations of the insurers, the Authority has granted approval to two CBR’s , who do not fulfill stipulated eligibility criteria.
In order to facilitate a greater flow of resources to corporates, RBI has been decided, as a one-time measure, to increase a bank’s exposure to a group of connected counter parties from 25% to 30% …