RBI Updates

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RBI issues framework for outsourcing payment and settlement activities by PSOs

The Reserve Bank of India (RBI) has issued a framework for payment and settlement related activities by payment system operators (PSOs)....

RBI directs transition from LIBOR

The Reserve Bank of India (RBI) has directed banks to transition from the London Interbank Offered Rate (LIBOR). The regulator has...

RBI announces outsourcing rules for cooperative banks

The Reserve Bank of India (RBI), while issuing guidelines for the management of the risk associated with outsourcing financial services...

RBI prescribes guidelines on distribution of dividends by NBFCs

The Reserve Bank of India (RBI) has prescribed guidelines relating to the distribution of dividend by NBFCs. The guidelines will become...

RBI Extends Risk-Based Internal Audit To Housing Finance Companies

The RBI in order to enhance the effectiveness and quality of the internal audit system of housing finance companies, extended the Risk...

RBI Issues Norms for Merging District Co-operative Banks with State Entities

The Reserve Bank of India (RBI) has notified the Banking Regulation (Amendment) Act, 2020, with effect from April 1, 2021. As per the...

RBI issues notification to resolve COVID-19 related stress on MSMEs

The Reserve Bank of India (RBI) has issued a notification to financial institutions extending the facility of restructuring existing...

RBI issues notification to banks regarding payment of dividends

Given the intensity of the ongoing COVID-19 wave, the RBI has issued a notification to all commercial and co-operative banks, directing...

RBI issues notification on Asset Classification and Income Recognition following COVID-19 regulatory

Following the Supreme Court decision judgement in the matter of Small Scale Industrial Manufacturers Association vs UOI & Ors. and other...

RBI Monetary Policy Updates

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has announced the outcome of its monetary policy review, in its first...

RBI permits remittances to international financial services centres

The Reserve Bank of India has allowed Indian residents to make remittances to international financial services centres (IFSCs) under the...

RBI announces rules for housing finance companies

The Reserve Bank of India has issued Master Direction-Non-Banking Financial CompanyHousing Finance Company (Reserve Bank) Directions,...

RBI imposes stricter norms for e-payments

The Reserve Bank of India has proposed stricter norms regarding payment security, imposing more responsibility on banks and other related...