Delhi, Telangana, Karnataka and Gujarat Governments Announce Holidays for 2025
The Governments of Delhi, Telangana, Karnataka and Gujarat have declared the holidays that will be observed in all government offices within the respective states for the year 2025. All these lists were issued in November 2024.
Conference of the Directors on the Boards of Private Sector Banks
RBI directed that sound Boards should create a governance framework that not only meets the current regulatory standards, but also proactively addresses the emerging risks, opportunities and changes in the financial landscape. RBI emphasized the importance of situational awareness for robust governance, strengthening of internal governance framework and customer centricity in the ever-evolving financial sector.
RBI cautions public on deepfake videos of Top Management circulated over social media giving financial advice
Members of the public are cautioned against engaging with and falling prey to such deepfake videos circulated over social media.
RBI Second Conference of State Registrars of Cooperative Societies
Discussions during the Conference revolved around regulatory and governance issues in UCBs and the expectations of the Reserve Bank and the Deposit Insurance and Credit Guarantee Corporation (DICGC).
RBI Framework for dealing with Domestic Systemically Important Banks
It is clarified that SBI, HDFC Bank and ICICI Bank continue to be identified as Domestic Systemically Important Banks (D-SIBs) under the same bucketing structure as in the 2023 list of D-SIBs.
RBI Report on Municipal Finances
Comments on this publication may be sent to the Director, Division of Local Finances, Department of Economic and Policy Research, Reserve Bank of India, 1st Floor, Maratha Mandir Road, Mumbai-400 008 or through e-mail.
Operational framework for reclassification of Foreign Portfolio Investment to Foreign Direct Investment (FDI) under Foreign Exchange Management (Non-debt Instruments) Rules, 2019
In consultation with the Government of India and SEBI, the Reserve Bank of India has finalised an operational framework for reclassification of Foreign Portfolio Investment made by Foreign Portfolio Investors (FPI) to Foreign Direct Investment (FDI) under Foreign Exchange Management (Non-debt Instruments) Rules, 2019 in case of any breach of the investment limit by the FPIs concerned.
RBI clarification regarding Reporting of Foreign Exchange Transactions to Trade Repository
Authorised Dealer shall report all FX contracts executed with clients to the TR of CCIL in a phased manner.
New ESIC Circular: Online Submission of Cash Benefit and Maternity Claims Through IP Portal
The new circular aimed at streamlining the submission process for cash benefit claims (such as Sickness Benefits and others) and Maternity Benefit Claims by Insured Persons (IPs)
RBI publishes latest status of withdrawal of ₹2000 Denomination Banknotes
The facility for exchange of the ₹2000 banknotes is available at the 19 Issue Offices of the Reserve Bank (RBI Issue Offices) since May 19, 2023. From October 09, 2023, RBI Issue Offices are also accepting ₹2000 banknotes from individuals / entities for deposit into their bank accounts. Further, members of the public are sending ₹2000 banknotes through India Post from any post office within the country, to any of the RBI Issue Offices for credit to their bank accounts.
