All posts tagged "RBI"

RBI Assesses Six Applicants Unsuitable for Banks Licensing

RBI Says Banks Can Continue to Label NBFC Loans as PSL

Banks were allowed to classify lending to NBFCs as priority sector lending in September 2020, provided the funds were on-lent to priority sectors.

RBI Issues Guidance for NBFCs on Senior Manager Remuneration

NBFCs should constitute remuneration committees and use malus or clawback arrangements to account for possible misconduct or poor financial performance.

RBI Surprises Market with Interest Rate Hike

The RBI also increased the cash reserve ratio, the percentage of cash that banks need to keep in reserve against their total deposits.

India: CERT-In Includes Crypto Firms in New Directions

The directions require crypto exchanges, custodians and wallet providers in India to retain KYC information for five years and report cyber incidents to CERT-In.

RBI Updates LCR Guidance for Commercial Banks

Banks can include government securities worth up to 16 percent of their NDTL in their LCR calculations, compared to 15 percent under earlier guidance.

RBI Expands LEI Requirements for Corporate Borrowers

The RBI has prescribed timelines for borrowers with exposure of INR 50 million to obtain an LEI, including customers of NBFCs and UCBs.

RBI Eases Capital Raising Restrictions for Rural Coop Banks

Rural cooperative banks can raise capital by issuing preference shares, perpetual debt instruments or long term subordinated bonds.

RBI Issues Guidance on New Regulatory Framework for NBFCs

The new guidelines cover capital requirements, large exposure limits, lending caps, and disclosures requirements for large NBFCs.

RBI Issues New Rules on NBFC Compliance Function

Upper and middle layer NBFCs have until 1 October 2023 to install a compliance function and chief compliance officer.