RBI
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RBI issues guidelines for bank to have automated Income recognition, asset classification & Provisioning processes by 30th June 2021
RBI issues guidelines for banks to have automated Income recognition, asset classification & Provisioning processes by 30th June 2021. RBI…
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Monetary Policy Committee keeps repo rate under LAF unchanged at 4.0% in the 24th meeting
The twenty fourth meeting of the Monetary Policy Committee (MPC) was held from August 4 to 6, 2020. MPC has…
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RBI decides to implement “system-based asset classification” in urban co-operative banks
RBI has been decided to implement system-based asset classification in urban co-operative banks (UCBs). Further, system-based asset classification has been defined…
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Mr. G P Garg takes charges as Executive Director, SEBI
SEBI has appointed Mr. G P Garg as its Executive Director. Priorly, he was working as the Chief General Manager…
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RBI decides to extend one-time restructuring of existing loans scheme to MSMEs
RBI has decided to extend the scheme wherein the existing loans to MSMEs classified as ‘standard’ were restructured without a…
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SEBI directs Trustees of Mutual Funds to appoint dedicated officer to monitor activities of AMCs
In reference to the Regulation 18 (25) (B) (i) of SEBI (Mutual Funds) Regulations, 1996 which states that Trustees are…
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RBI increases LTV to 90% against Gold & Jewellery for Non-Agricultural End-users
RBI on 6th August 2020 has decided to increase the permissible loan to value ratio (LTV) for loans against pledge…
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Corporate Compliance Calendar for the month of February, 2020
ABOUT ARTICLE : This article contains various Compliance requirements under Statutory Laws. Compliance means “adhering to rules and regulations.” If…
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RBI imposes penalty of ₹ 7 Crores on SBI for following non- compliances
On 15 July 2019, RBI has imposed penalty of ₹ 7 Crores on State Bank of India (SBI) for non-compliance with…
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RBI permits ARCs to acquire financial asset from other ARCs on 4 conditions
RBI permits Asset Reconstruction Companies (ARCs) to acquire financial asset from other ARCs. This decision has been taken in view of amendment…
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