RBI guidelines on distribution of dividend by NBFCs

Reserve Bank of India has issued guidelines on distribution of dividend by NBFCs. These guidelines shall be effective for declaration of dividend from the profits of the financial year ending March 31, 2022 and onwards.

Regulations Review Authority (RRA 2.0)

RBI has set up a Regulations Review Authority (RRA 2.0) to make regulatory and supervisory instructions more effective by removing redundancies and duplications, if any.

RBI Increases interchange fee and customer charges for ATM transactions.

The Customers are eligible for five free transactions every month from their own bank ATMs and also eligible for free transactions (inclusive of financial and non-financial transactions) from other bank ATMs viz. three transactions in metro centres and five transactions in non-metro centres.

Authorized Dealer Category-1 banks allowed to lend to FPIs for placing margins with CCIL

RBI has allowed banks in India having an Authorized Dealer Category-1 license under FEMA, 1999 to lend to FPIs in accordance with their credit risk management frameworks for the purpose of placing margins with CCIL in respect of settlement of transactions involving Government Securities (including Treasury Bills and State Development Loans) by the FPIs.