RBI
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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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RBI extends RTGS timings for Customers transaction, mentions time-varying charges
RBI extends timings for customer transactions (initial cut-off) in Real Time Gross Settlement (RTGS) from 4:30 pm to 6:00 pm. The extension…
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RBI directs banks and AIFIs to disclose account details of all ILFS and its group entities in the mentioned format
RBI directs banks and AIFIs to disclose account details of all Infrastructure Leasing & Financial Services Limited (ILFS ) and its group entities in…
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RBI defers implementation of Indian Accounting Standards till further notice
RBI has decided to deferred the implementation of Indian Accounting Standards (Ind AS) till further notice.RBI clarifies that the legislative amendments recommended by…
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RBI issues RBI (Prevention of Market Abuse) Directions, 2019
RBI introduces RBI (Prevention of Market Abuse) Directions, 2019. The directions are applicable to transaction done through financial instrument and exempts…
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RBI introduces Voluntary Retention Route for Investments by FPIs
In order to encourage the Foreign Portfolio Investors (FPIs) to undertake long-term investments in Indian debt markets RBI has introduced a…
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RBI introduces NBFC – Investment and Credit Company by harmonising 3 categories of NBFCs
RBI has decided to merger three categories of NBFCs viz. Asset Finance Companies (AFC), Loan Companies (LCs) and Investment Companies (ICs)…
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RBI allows FPI to have an exposure of more than 20% of its corporate bond portfolio to a single corporate
In order to encourage a wider spectrum of investors to access the Indian corporate debt market. RBI has withdrawn paragraph 4(f)…
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RBI imposes monetary penalty on 7 banks for non-compliance
RBI imposes monetary penalty on following 7 banks for non-compliance :- Sr. No Name of Bank Penalty amount (in ₹ Million) 1 Bank of…
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