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RBI Guidelines on Interest Capitalization, Loan Tenor f...

RBI Guidelines on Interest Capitalization and Loan Tenor Extension for NBFCs

NBFCs in India encounter significant challenges related to the compounded effects of outstanding interest and EMI amounts. Extending loan tenors can provid...

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RBI Notification

Changes in TCS under Liberalised Remittance Scheme ...

The Liberalised Remittance Scheme in India has undergone significant changes in Tax Collected at Source (TCS). These modifications by RBI aim to streamline...

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RBI Notification

Draft Master Direction on Treatment of Wilful Defaulter...

The Reserve Bank of India's (RBI) Treatment of Wilful Defaulters and Large Defaulters Directions, 2023, is a comprehensive guide that outlines the procedur...

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RBI Notification

RBI’s New Scale-Based Regulation for NBFCs

Transition Path for NBFC

The Reserve Bank of India (RBI), on October 22, 2021, introduced a ground-breaking regulatory framework for Non-Banking Financial Companies (NBFCs) known a...

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RBI Notification

RBI Mandates Display of Secured Assets Acquired Under S...

Notification regarding Secured assets of RBI

Notification by (J.P. Sharma) Chief General Manager As part of its efforts to increase transparency, Reserve Bank regulated entities (REs) that are secured...

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RBI Notification

Display of information- Secured assets possessed under...

RBI issues notification regarding Display of information- Secured assets possessed under the SARFAESI Act, 2002

The notification was issued on 25 September 2023 to:- All commercial banks, such as small finance banks, Local Area Banks and Regional Rural Banks other th...

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RBI Notification

RBI allows Pre-Sanctioned Credit Lines through Unified...

RBI allows Pre-Sanctioned Credit Lines through Unified Payments Interface (UPI)

RBI has issued a notification dated 04.09.2023 allowing the pre-sanctioned credit lines at Banks through the Unified Payments Interface (UPI). The RBI ha b...

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RBI Notification

RBI Asks Banks Not to Levy Penal Interest Charges on Lo...

RBI Asks Banks Not to Levy Penal Interest Charges on Loan

What Does the RBI Say? According to the central bank, there should not be capitalization of penal charges, meaning no further interest computed on suc...

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