RBI vide notification dated August 10, 2023 has allowed all Scheduled Commercial Banks/Regional Rural Banks/all Scheduled Primary (Urban) Co-operative Banks/all Scheduled State Co-operative Banks to maintain with the Reserve Bank of India, effective from the fortnight beginning August 12, 2023, an incremental Cash Reserve Ratio of 10 per cent on the increase in NDTL between May 19, 2023 and July 28, 2023.
The CRR compliance will be reviewed on September 8, 2023 or earlier.
The circular exclusively applies to EMI-based personal loans. It does not extend to other loan types, such as business or commercial loans. Personal loans, as
The Securities and Exchange Board of India (SEBI) has released a consultation paper proposing an increase in the size criteria under the additional disclosure framework
On January 10, 2025, SEBI released a circular detailing a revised and revamped framework for nomination facilities in demat accounts and mutual fund (MF) folios.
SEBI has delegated the power to waive or reduce the interest levied only in respect of recovery proceedings initiated for failure to pay penalty, to
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