RBI issues notification w.r.t “Provisioning Requirement for Investment in Security Receipts”; lending institutions to put in place a board approved plan to ensure compliance to prescribed provisioning requirements
The Reserve Bank of India has issued a notification regarding “Provisioning Requirement for Investment in Security Receipts (SRs)”. In order to provide […]
RBI rolls out directions to regulate Credit, Debit and Co-branded Card businesses; slated to gain effect from 1st July, 2022;directions on credit cards applicable on all NBFCs as well
The Reserve Bank of India (“RBI”) has rolled out the Master Direction – Credit Card and Debit Card – Issuance and Conduct […]
RBI fixes the applicable average base rate to be charged by NBFC– Micro Finance Institutions (NBFC-MFIs) to their borrowers for the quarter starting January 1, 2022
In a Press Release dated 31st December, 2021, the Reserve Bank of India has communicated that the applicable average base rate to […]