RBI Update: Formation of a new district in the State of Assam – Assignment of Lead Bank Responsibility
The Government of Assam has notified the formation of a new district, viz., Hojai in
RBI Update: Exclusion of “Rupee Co-operative Bank Limited” from the Second Schedule to the Reserve Bank of India Act, 1934
It is advised that “Rupee Co-operative Bank Limited” has been excluded from the Second Schedule
RBI Update: Participation of Indian Banks on India International Bullion Exchange IFSC Limited (IIBX)
It has been decided to allow: a) Branch/subsidiary/joint venture of an Indian bank in GIFT-IFSC
RBI Update: Review of Fixed Remuneration granted to Non-Executive Directors (NEDs)
Banks are advised to revise the ceiling limit of remuneration of NEDs from Rs. 20
RBI Update: Participation of Indian Banks on India International Bullion Exchange IFSC Limited (IIBX)
It has been decided to allow: a) Branch/subsidiary/joint venture of an Indian bank in GIFT-IFSC
RBI: Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da’esh) & Al-Qaida Sanctions List: Amendments in 85 Entries
Section 51 of Master Direction on Know Your Customer dated February 25, 2016, as amended on
RBI Update – Guidelines on import of gold by Tariff Rate Quota (TRQ) holders under the India-UAE CEPA as notified by–The International Financial Services Centres Authority (IFSCA)
It has been decided that , AD Category-I banks may allow valid Tariff Rate Quota (TRQ) holders
RBI Update – Streamlining of Internal Compliance monitoring function – leveraging the use of technology
RBI had recently carried out an assessment in select Supervised Entities (SEs) of the prevailing
RBI Update – Implementation of Section 12A of the Weapons of Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activities) Act, 2005: Designated List (Amendments)
Please refer to Section 52 of our Master Direction on Know Your Customer dated February 25,
RBI Update – Risk Management and Inter-Bank Dealings – Hedging of foreign exchange risk
The Foreign Exchange Management (Foreign Exchange Derivative Contracts) (First Amendment) Regulations, 2020 (Notification dated February