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RBI Notification

RBI doubles deposit limit of Payments Bank

Limit of Payments bank

The Reserve bank vide notification released on April 8, 2021, enhanced the maximum end-of-day balance for payments banks to 2 lakh rupees. This limit was 1...

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RBI Notification

RBI tightens investment norms in NBFC from FATF non-com...

FATF non-compliant jurisdictions

Recently the Reserve Bank of India came out with a notification to impose restrictions on investments in Non-Banking Financial Companies by investors from...

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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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