Schemes for implementing Pradhan Mantri Awas Yojana – Urban (PMAY-U)
The Primary Lending Institutes (PLIs) were supposed to upload all eligible claims for interest subsidy loan for housing by 31.03.2022. Following request received from Central Nodal Agency, the deadline for uploading the claims on the CNA portal was extended till 30.06.2022 so that no eligible beneficiary is denied interest subsidy.
Prevention of Money-laundering (Maintenance of Records) Amendment Rules, 2023
The amendment provides that every Banking Company or Financial Institution or intermediary, as the case may be, shall register the details of a client, in case of client being a non-profit organization, on the DARPAN Portal of NITI Aayog, if not already registered, and maintain such registration records for a period of five years after the business relationship between a client and a reporting entity has ended or the account has been closed, whichever is later.
RBI launches the Mission ‘Har Payment Digital’
Under this programme, Payment System Operators (PSOs) will adopt 75 villages across the country and convert them into digital payment enabled villages.
Mandatory Brand Guidelines for BHIM UPI
Member Banks, PSPs, and TPAPs are requested to ensure compliance before March 31, 2023.
IFSC issues Guidelines for execution of block deals on the Bullion Exchange
The IFSC has deemed it necessary to enable a mechanism for execution of large trades in gold in a single transaction without putting either the buyer or the seller in a disadvantageous position. In order to facilitate execution of such large trades, the Bullion Exchange is being permitted to provide a separate trading window for this purpose.
RBI announces Change of date of reversal for operations under LTRO and TLTRO
The dates of reversal of LTRO and TLTRO have been modified to March 08, 2023 (Wednesday) and April 10, 2023 (Monday) respectively.
Clarification regarding the Financial Action Task Force (FATF) public document on ‘High-Risk Jurisdictions subject to a Call for Action’
s per the February 24, 2023 FATF public statement, South Africa and Nigeria have now been added to this list of Jurisdictions under Increased Monitoring while Cambodia and Morocco have been removed from this list based on review by the FATF.
RBI compendium on Business Continuity Measures to tackle pandemic
More than one hundred measures, both conventional and unconventional, were undertaken during the period. The effort was to be proactive and innovative, while remaining on guard to preserve financial stability.
RBI releases Compendium on Business Continuity Measures during the COVID-19 Pandemic
This compendium on Business Continuity Measures was released on 17th February, 2023. It was released at the annual conference of the Corporate Strategy and Budget Department of the RBI.
RBI releases ‘Quarterly Statistics on Deposits and Credit of SCBs: December 2022’
The quaterly statistics, inter alia, observe that the bank credit growth was 16.8 per cent in December 2022 as compared with 17.2 per cent a quarter ago and 8.4 per cent a year ago. Growth in credit was led by bank branches in metropolitan centres, accounting for nearly 60 per cent of the total credit by SCBs. There was 17.2 per cent rise in lending; urban, semi-urban and rural centres also recorded double digit credit growth.
