RBI issues directions for implementing Credit Information Reporting Mechanism subsequent to cancellation of licence or Certificate of Registration of NBFCs and banks
The Reserve Bank of India (“RBI”) has issued a notification on “Implementation of Credit Information Reporting Mechanism subsequent to cancellation of licence […]
RBI increases the upper limit of an offline payment transaction to Rs. 500 from Rs 200 with immediate effect
The Reserve Bank of India (“RBI”) has increased the upper limit of an offline payment transaction to ₹500 from Rs 200. Other […]
Reserve Bank of India rolls out regulatory framework for microfinance loans; applicable to all NBFCs including Microfinance Institutions and Housing Finance Companies; gains immediate effect
The Reserve Bank of India (“RBI”) has issued the Reserve Bank of India (Regulatory Framework for Microfinance Loans) Directions, 2022 (“Master Direction”). […]
RBI rolls out implementation plan of ‘Core Financial Services Solution’ by NBFCs in advance ; fallout of the Scale Based Regulation (SBR)
Further to the Scale Based Regulation (“SBR” ) rolled out by the Reserve Bank of India (“RBI”) in October, 2021 about the […]
RBI rolls out Master Direction on Credit Derivatives Transactions in OTC markets; gains effect from 09.05.22 ; NBFCs, SCBs etc. eligible to act as market-makers in credit derivatives
The Reserve Bank of India ( “RBI”) in a circular has issued the Master Direction – Reserve Bank of India (Credit Derivatives) […]
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 […]
RBI releases Framework for facilitating Small Value Digital Payments in offline mode; effective immediately
The Reserve Bank of India has now introduced the ‘Framework for facilitating small value digital payments in offline mode’ for the Authorised […]