RBI Update – Responsible Lending Conduct – Release of Movable / Immovable Property Documents on Repayment/ Settlement of Personal Loans
The Regulated Entities (RE) shall release all the original movable/immovable property documents and remove charges
RBI Update – Operation of Pre-Sanctioned Credit Lines at Banks through Unified Payments Interface (UPI)
The Statement on Developmental and Regulatory Policies dated April 06, 2023, expanding the scope of UPI
RBI Update – Enhancing Transaction Limits for Small Value Digital Payments in Offline Mode
As announced in the Statement on Development and Regulatory Policies dated August 10, 2023, the upper
RBI Update- Review of Regulatory Framework for IDF-NBFCs
Infrastructure Debt Fund-NBFCs (IDF-NBFCs) will now be required to have a net owned fund (NOF)
RBI Update- Reset of Floating Interest Rate on Equated Monthly Instalments (EMI) based Personal Loans
Regulated Entities are advised to put in place an appropriate policy framework meeting the following
RBI Update -Fair Lending Practice – Penal Charges in Loan Accounts
On a review of the practices followed by REs for charging penal interest/charges on loans,
RBI Update – Reserve Bank of India Act, 1934 – Section 42(1A) – Requirement for maintaining additional CRR
It has been decided to issue a directive under Section 42(1A) of the Reserve Bank
RBI Update -Inclusion of “NongHyup Bank” in the Second Schedule of the Reserve Bank of India Act, 1934
It is advised that “NongHyup Bank” has been included in the Second Schedule to the
RBI Update: Sovereign Gold Bond (SGB) Scheme 2023-24
Government of India, vide its Notification dated June 14, 2023, has announced Sovereign Gold Bond Scheme
RBI Update: Priority Sector Lending (PSL) targets / sub-targets and contribution against shortfall in achievement of PSL targets – Primary (Urban) Co-operative Banks (UCBs) – Extension of time
In order to address implementational challenges faced by the UCBs and to make the transition