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RBI Notification

RBI Extends Timeline for Processing of Recurring Online...

Recurring Online Transactions

In a major announcement, the Reserve Bank of India extended the timeline for processing of recurring transactions by six months to 30th September 2021. Wit...

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RBI Notification

Extension of timeline for non-bank Payment Aggregators:...

Extension of timeline for non-bank Payment Aggregators

The Reserve Bank of India recently extended the deadline for the implementation of new rules for payment gateways and for online merchants. RBI stated that...

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RBI Notification

Master Direction – Amalgamation of Urban Cooperat...

Amalgamation of Urban Cooperative Banks, Directions, 2020

The Reserve Bank recently came out with a master direction on amalgamation of urban co-operative banks, paving way for it to consider proposals for the mer...

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Digital Payments RBI Notification

RBI (Digital Payments Security Controls) Directions, 20...

Master Direction on Digital Payment Security Controls

The Reserve Bank recently issued master direction for banks and card issuing entities prescribing minimum standards to ensure digital payments security. Th...

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RBI Notification

Extension of Cheque Truncation System across all bank b...

Extension of Cheque Truncation System across all bank branches

The Reserve Bank has asked all banks to implement the image based cheque truncation system across all branches by 30th September 2021. This system is prese...

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RBI Notification

RBI revises LFAR norms for Banks to Improve Risk Manage...

RBI revises LFAR norms for Banks to Improve Risk Management

The Reserve Bank of India (RBI) has revised the LFAR norms to assess the gaps and vulnerable risk management gaps. In the article, we will cover the areas...

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RBI Notification

Loans and Advances by UCBs to Directors, their Relative...

Loans and Advances by UCBs to Directors, their Relatives, and Firms

The Banking Regulation Act, 1949 has been amended by the Banking Regulation (Amendment) Act, 2020 notified for the Primary Urban Co-operative Banks (UCBs)...

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RBI Notification

Key Features of RBI Governor’s Statement, February 5,...

RBI Governor’s Statement, February 5, 2021

The article features the key features of the RBI Governor Statement issued on 5th February 2021.The article discussing the Governor’s decision of the rep...

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