RBI Updates: Modified Interest Subvention Scheme for Short Term Loans for Agriculture and Allied Activities availed through Kisan Credit Card (KCC) during the financial year 2021-22
RBI on 29th April 2022 modified norms for banks to claim the amount of interest
RBI Updates: Credit Card and Debit Card – Issuance and Conduct Directions, 2022
(a) These Directions shall be called the Reserve Bank of India (Credit Card and Debit
RBI Updates: Legal Entity Identifier (LEI) for Borrowers
It has been decided that the guidelines on LEI stand extended to Primary (Urban) Co-operative Banks
RBI Updates: Large Exposures Framework for Non-Banking Financial Company – Upper Layer (NBFC-UL)
The guidelines shall be applicable to NBFC-UL, both at the solo level and at the
RBI Updates: Scale Based Regulation (SBR) for NBFCs: Capital requirements for Non-Banking Finance Companies – Upper Layer (NBFC-UL)
A Revised Regulatory Framework for NBFCs. This is applicable to all NBFCs identified as NBFC-UL,
RBI Updates: Loans and Advances – Regulatory Restrictions – NBFCs RBI/2022-23/29
Guidelines applicable to NBFC – Middle Layer (ML) and NBFC – Upper Layer (UL) –
RBI Updates : Consolidated Circular on Opening of Current Accounts and CC/OD Accounts by Banks
RBI issued a consolidated circular for opening and operation of current accounts and CC/OD accounts
RBI Updates: Disclosures in Financial Statements- Notes to Accounts of NBFCs
This is applicable to all NBFCs. The Annex specifies the applicability of specific disclosure requirements
RBI Updates: Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR)
This circular is applicable to all Commercial Banks other than Regional Rural Banks, Local Area
Company Law Committee Report (2022)
Report of The Company Law Committee (2022) recommends various changes to the Companies Act, 2013