RBI launches a web-based application “DAKSH” to strengthen the supervisory processes and improve the compliance culture in Banks, NBFCs, etc.
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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
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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
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