Reserve Bank of India introduced Prompt Corrective Action(PCA) Framework for NBFCs on December 14, 2021. The Framework has since been reviewed and it has been decided to extend the same to Government NBFCs with effect from October 1, 2024, based on the audited financials of the NBFC as on March 31, 2024, or thereafter.
Government NBFCs in the base layer is exempted from the framework.
The ANI stakeholders are Points of Presence (Bank and Non-Bank), Central Record Keeping Agencies, Trustee Banks, Custodians, Aggregators, Annuity Service Providers, Pension Agents, Retirement Advisors,
e-NAM is a demand-driven scheme. The integration of mandis under the e-NAM platform is based on proposals received from State Governments/Union Territories, reflecting their demand
Based on the comments and counter-comments received from stakeholders in the consultation process, and on its own analysis, TRAI has finalized the Recommendations on Assignment
The Government of India launched the IndiaAI Mission on March 7th, 2024, to bolster India’s global leadership in AI and democratize the benefits of AI
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