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RBI Notification

RBI revises Regulatory Restrictions on Loans and Advanc...

RBI revises Regulatory Restrictions on Loans and Advances

The Reserve Bank of India recently revamped the regulatory restrictions on loans and advances by banks to directors of other banks and related entities. Th...

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RBI Notification

RBI penalises 14 banks for non-compliance/contravention...

RBI penalises 14 banks for non-compliance/contravention of banking norms

The Reserve Bank of India imposed monetary penalties on various banks such as SBI, Bandhan Bank, Bank of Baroda etc., for non-compliance/contravention of b...

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RBI Notification

RBI issues Guidelines to manage Risk in Outsourcing of...

RBI issues Guidelines to manage Risk in Outsourcing of Financial Services by Co-operative Banks

The Reserve Bank of India released guidelines for co-operative banks to manage risks that will arise from the outsourcing of financial services. The Reserv...

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RBI Notification

RBI specifies Maximum Dividend Payout Ratio for NBFCs (...

RBI specifies Maximum Dividend Payout Ratio for NBFCs (Declaration of dividends by NBFCs)

On June 24, the Reserve Bank of India issued guidelines that specify the eligibility criteria for non-banking financial companies (NBFCs) to declare divide...

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RBI Notification

Reserve Bank allows lenders to raise ATM interchange fe...

ATM interchange fee

The Reserve Bank of India recently raised the ATM interchange fee that banks can charge on ATM transactions to 17 rupees per transaction. Earlier this fee...

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RBI Notification

RBI guidelines for Amalgamation of District Central Co-...

RBI guidelines for Amalgamation of District Central Co-operative Banks with State Co-operative Bank

The Reserve Bank released a notification on May 24, 2021, stating that it would consider amalgamation of District Central Co-operative banks with the state...

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RBI Notification

Interoperability of PPIs: RBI mandates pre-paid cards,...

Interoperability of PPIs: RBI mandates pre-paid cards, wallets to be made interoperable

The Reserve Bank of India mandated all prepaid payment instruments or wallets that are KYC compliant to be made interoperable by March 2022. The Reserve ba...

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RBI Notification

Guidelines laid down by RBI for Appointment of Statutor...

RBI issues guidelines for Appointment of Statutory Auditors of Banks, NBFCs

The Reserve Bank recently issued guidelines for the appointment of statutory auditors of banks and NBFCs. The guidelines for appointment of statutory centr...

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