RBI directs banks to preserve the CCTV footage of post demonstration period.
RBI has directed bank to continue preserving the CCTV recordings of operations at bank branches and currency chests for the period from November 08, 2016 to December 30, 2016, until further instructions, to facilitate coordinated and effective action by the enforcement agencies in dealing with matters relating to illegal accumulation of new currency notes.
RBI issues Statement on Developmental and Regulatory Policies
The Statement on Developmental and Regulatory Policies is published to provide decisions and proposals with regard to liquidity management, enhancement of the exposure thresholds under Resolution Framework 2.0, Placement of Margins for Government Securities Transactions on behalf of FPIs and availability of NACH on all days of the week etc.
RBI keeps policy repo rate under LAF unaltered
RBI informs that MPC has decided to keep the policy repo rate under the LAF at 4%. The reverse repo rate is also unchanged at 3.35% and the MSF rate and Bank Rate is 4.25%. The accommodative stance taken by the MPC considering the Covid-19 pandemic situation.
The Reserve Bank of India (Certificate of Deposit) Directions, 2021.
The CDs shall be issued only in dematerialised form and held with a depository registered with Securities and Exchange Board of India and shall be issued in minimum denomination of ₹5 lakh and in multiples of ₹5 lakh thereafter.
RBI announces On-Tap liquidity window for contact intensive sectors.
Under the scheme, banks are expected to create a separate COVID loan book and it shall remain operational from June 07, 2021 till March 31, 2022
RBI notifies the extension of time for Submission of returns under Section 31 of the Banking Regulation Act, 1949.
Since many of the Primary (Urban) Co-operative Banks (UCBs), State Co-operative Banks and Central Co-operative Banks are facing difficulties in finalising their Annual Accounts due to the ongoing COVID-19 pandemic, RBI has considered it necessary to allow more time for submission of the aforesaid return during the current period.
RBI issues circular on customer due diligence transactions in Virtual Currencies.
RBI has advised bank and other entities to continue carrying out the customer due diligence processes in line with regulations governing standards for Know Your Customer.
The Foreign Exchange Management (Borrowing and Lending) (Amendment) Regulations, 2021.
An Authorised Dealer in India may lend to a person resident outside India for making margin payments in respect of settlement of transactions involving Government Securities by the person resident outside India, subject to such terms and conditions as may be specified by the Reserve Bank.
NHB extends the timeline for submission of supervisory returns.
The due date of all quarterly, half yearly and annual return which will become due for submission upto 30th June 2021 has been extended for a further period of 30days.
IFSCA withdraws guidelines on issuance of Certificate of Deposits
The International Financial Services Centers Authority has withdrawn the guidelines on issuance of certificate of deposits issued on 10 May, 2021.
