RBI
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RBI allows banks not to make dividend payment from profits on equity share for FY ending on March 31, 2020
RBI allows banks not to make any dividend payment on equity shares from the profits pertaining to the financial year…
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RBI decides to continue with marginal standing facility till 31st March,2021
In order to comfort the banks on their liquidity requirements and enable them to continue to meet Liquidity Coverage ratio…
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RBI to implement Positive Pay System for Cheque Truncation System from January 01, 2021
In reference to the introduction of Positive Pay System for Cheque Truncation System (CTS) under Statement on Developmental and Regulatory…
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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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