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RBI Notification

RBI issues Master Circular – Deendayal Antyodaya Yoja...

Deendayal Antyodaya Yojana

The Reserve Bank of India recently modified the Deendayal Antyodaya Yojana – National Rural Livelihoods Mission by issuing a master circular on 18th Sept...

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RBI Notification

Key Features of Liberalised Remittance Scheme

Liberalised Remittance Scheme

Resident Indians or people resident in India are allowed to transfer foreign currency under the foreign exchange regulations. The transfer of foreign curre...

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RBI Notification

RBI Master Directions on Priority Sector Lending (PSL)...

RBI Master Directions

The Reserve Bank of India has issued Master directions on Priority Sector Lending- targets and classification on 4th September 2020. In this article,...

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RBI Notification

RBI Notification: Steps to Ensure Automation for NPA, I...

RBI Notification

In the latest RBI notification, RBI has mandated banks to fully automate NPA classification and provisioning calculation process. Under the new regime, all...

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RBI Notification

Compliance functions in banks and Role of Chief Complia...

Chief Compliance Officer

Recently the Reserve bank of India released a notice on Compliance functions in Banks and the role of Chief Compliance Officer (CCO).  As per the comp...

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RBI Notification

RBI Notification: Positive Pay Mechanism for Cheques...

RBI Notification

The Reserve Bank of India(RBI), while delivering a statement on Development and Regulatory Policies, notified that it is set to introduce an RBI Notificati...

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RBI Notification

RBI Notification: Offline Retail Payments using Cards/M...

RBI Notification

The Reserve Bank of India has proposed a scheme for making small-value payments in offline mode using debit cards, credit cards, and mobile devices. Under...

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RBI Notification

RBI Notification: Opening of Current Accounts by Banks...

RBI Notification

Stressing on the need for discipline, the Reserve Bank of India (RBI) disallowed banks from opening current accounts for customers who availed cash or over...

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