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RBI Notification

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Aug 30 2022

RBI Master Directions for Liberalised Remittance Scheme...

The rise in the outflow of funds under the Liberalised Remittance Scheme indicates that the capital is flowing out from the country at a rapid rate. This r...

Jul 02 2022

Payment Vision 2025: Reserve Bank of India

Since 2001, the Reserve Bank of India has been providing strategic directions and implementation plans for building a robust payment ecosystem in India. Th...

May 02 2022

RBI issues guidelines on compensation of KMP in NBFCs...

Recently, the Reserve Bank of India (RBI) had introduced a revised scale based regulatory framework for NBFCs which was aimed towards managing the risks ca...

Apr 26 2022

Highlights of RBI’s Monetary Policy 2022-23

Introduction   The Reserve Bank of India (RBI) has released the first monetary policy on 8th April, 2022 for the financial year of 2022-23. The p...

Apr 25 2022

New Rules for Credit/Debit Cards Issuance by Scheduled...

The Reserve Bank of India issued master directions for issuance of debit/card to NBFCs and scheduled banks excluding Payments Banks, State Co-operative Ban...

Guidelines released for 24X7 Digital Banking Units (DBU...

In the Union Budget of 2022-23, an announcement was made to set up 75 Digital Banking Units (DBUs) in 75 districts of India to commemorate seventy five yea...

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Apr 15 2022

Compliance Function and Role of Chief Compliance Office...

The Reserve Bank of India (RBI) has released a circular on 11th April, 2022 defining the scope of function and role of a Chief Compliance Officer (CCO) in...

Apr 05 2022

RBI releases framework for geo-tagging of payment syste...

The Reserve Bank of India recently issued the framework for geo-tagging of payment system touchpoints. The RBI had shown its interest to launch a framework...

Mar 16 2022

RBI Launches UPI123Pay for Feature Phones

The Governor of the RBI launched UPI for feature phones which will allow India’s feature phone users to access UPI payment service.  He also announced t...

Mar 08 2022

All you need to know about Digital Rupee or Central Ban...

The Union Minister of Finance in the budget of 2022-23 made one of the expected announcements of India’s own digital rupee or Central Bank Digital Curren...

Feb 26 2022

NBFCs must implement Core Financial Services Solutions...

The Apex bank regulator of India, the Reserve Bank of India (RBI) has taken a out a notification dated 23rd February 2022 which asks a certain class of Non...

Jan 27 2022

RBI’s Directions are Statutorily Binding over Financi...

Recently the Supreme Court held that the Reserve Bank of India has wide supervisory powers over financial institutions such as SIDBI. SIDBI refers to Small...

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