RBI launches PRAVAAH, RBI Retail Direct Mobile Application and FinTech Repository
The Reserve Bank of India has issued a press release informing the launch of PRAVAAH, RBI Retail Direct Mobile Application and FinTech […]
RBI directs NBFCs and other banking institutions to review practices regarding mode of disbursal of loans, application of interests etc. in the light of Fair Practices Code
The Reserve Bank of India (“RBI”) has issued a notification directing NBFCs and other banking institutions (“REs”) to review their practices regarding mode […]
RBI updates SBR Master Directions, 2023 to incorporate various circulars issued recently
The Reserve Bank of India (“RBI”) has amended the Master Direction – Reserve Bank of India (Non-Banking Financial Company – Scale Based […]
RBI directs Upper & Middle Layer NBFCs to streamline internal compliance monitoring function
The Reserve Bank of India (“RBI”) has issued a Notification on “Streamlining of Internal Compliance monitoring function – leveraging use of technology” […]
Payment Banks and Ways to Steer Clear from RBI’s Wrath – The Regulatory Regime
Reams have already been written on the RBI’s recent decision to impose stringent strictures on Paytm Payments Bank (‘Paytm’), virtually signalling its […]
RBI issues notification on “Credit/Investment Concentration Norms – Credit Risk Transfer”
The Reserve Bank of India has issued a notification on “Credit/Investment Concentration Norms – Credit Risk Transfer”. Background: The guidelines on Large […]
RBI rolls out Master Direction on Information Technology Governance, Risk, Controls and Assurance Practices to regulate NBFCs/ CICs etc.; gains effect from 01.04.2024
The Reserve Bank of India (“RBI”) has rolled out the “Master Direction – Information Technology Governance, Risk, Controls and Assurance Practices” (“Master […]
The Lender Banks Must Give an Opportunity of Hearing to the Borrower Companies before Classifying their Accounts as Frauds
In a recent case before the Supreme Court (“SC”), the Reserve Bank of India (Frauds Classification and Reporting by Commercial Banks and […]
RBI proposes to prescribe a Master Direction on IT Governance, Risk, Controls and Assurance Practices for NBFCs in Top, Upper and Middle Layers as per Scale Based Regulation
The Reserve Bank of India has issued a Draft Master Direction – Information Technology Governance, Risk, Controls and Assurance Practices (“Draft MD”) […]
RBI issues Standard Operating Procedure for Inter-operable Regulatory Sandbox
The Reserve Bank of India has issued Standard Operating Procedure for Inter-operable Regulatory Sandbox. In order to facilitate testing of innovative products/services […]
RBI launches a web-based application “DAKSH” to strengthen the supervisory processes and improve the compliance culture in Banks, NBFCs, etc.
The Reserve Bank of India (“RBI”) has launched a new SupTech initiative named “DAKSH – Reserve Bank’s Advanced Supervisory Monitoring System” with […]
RBI reviews Prudential Norms – Risk Weights for Exposures guaranteed by Credit Guarantee Schemes (CGS)
The Reserve Bank of India has advised that the risk weight of 0% will be applicable in respect of exposures guaranteed under […]