The RBI said Bajaj Finance did not issue the Key Fact Statements to borrowers as required under its digital lending guidelines issued in September 2022.
November 16, 2023Regulation needs to be quick and nimble to promote access and growth while ensuring financial stability, the report says.
November 10, 2023The RBI has listed sovereign green bonds floated during the current financial year as available under the "Fully Accessible Route".
November 9, 2023The master directions, effective from 1 April 2024, specify the IT governance responsibilities of the board and senior management.
November 8, 2023The inclusion of insurance firms in the AA ecosystem is expected to benefit agents, mutual fund distributors, and other service intermediaries.
November 4, 2023Non-banks facilitating import and export payment transactions must initially have a minimum net worth of INR 150 million.
November 3, 2023The RBI said some NBFCs enrolled only to access financial information from other firms without sharing their own financial information.
October 31, 2023All term deposits below the new INR 10 million threshold will have to mandatorily offer a withdrawal option to depositors.
October 31, 2023CICs and credit institutions are given six months to implement a new compensation framework and customer service requirements.
October 28, 2023The draft makes clear that regulated entities may not outsource core management functions, such as decision-making functions like loan approvals.
October 27, 2023