The banks include Credit Suisse, Central Bank of India, SBI, Bank of Baroda, Bank of Maharashtra, IndusInd Bank, and Indian Bank, among others.
July 13, 2021FIs are asked to instead use 'any widely accepted ARR'. Currently, there is no consensus on a new ARR for India. SOFR is widely expected to be accepted.
July 11, 2021Cooperative banks should not outsource policy formulation, internal audit, KYC compliance, credit approval and portfolio management.
July 3, 2021The dividend ratio will be capped at 50 to 60 percent of a deposit-taking NBFC's profits, depending upon the nature of the business.
June 28, 2021SEBI says mutual fund schemes may enter into plain vanilla interest rate swaps for hedging purposes.
June 23, 2021All deposit-taking HFCs irrespective of size, and non-deposit-taking HFCs with at least INR 50 billion in assets, have to put in place an RBIA framework.
June 17, 2021FPIs will have up to three hours after the close of trading to report transactions in government securities on the NDS-OM platform.
June 11, 2021The proposed amendments seek to clarify the obligations of SGX-DT trading members when accessing GIFT Connect to trade Nifty derivatives.
June 11, 2021More MSMEs, small businesses and individuals will be able to restructure their debt, a measure taken amidst the adverse impacts of India's second Covid-19 wave.
June 10, 2021Banks are not allowed to grant loans against CDs, but they are now permitted to buy back CDs before maturity, subject to certain conditions.
June 9, 2021