RBI Update: Fully Accessible Route’ for Investment by Non-residents in Government Securities – Additional specified securities
It has been decided to designate the two securities listed in the following Table as
RBI Update: Exim Bank’s Government of India supported Short – Term Line of Credit (STLoC) of USD 55 million to the Government of the Democratic Socialist Republic of Sri Lanka for procurement of urea fertilizer from India
Export-Import Bank of India (Exim Bank) has entered into an agreement dated June 10, 2022
RBI Update: Section 42 of the Reserve Bank of India Act, 1934 and Section 18 and 24 of the Banking Regulation Act, 1949 – FCNR (B)/NRE Term deposits – Exemption from maintenance of CRR/SLR
Banks are required to include all Foreign Currency Non-Resident (Bank) [FCNR (B)] and Non-Resident (External)
RBI Update: Master Direction on Interest Rate on Deposits – Foreign Currency (Non-resident) Accounts (Banks) Scheme [FCNR(B)] and Non-Resident (External) Rupee (NRE) Deposit
The banks are advised that with effect from July 07, 2022, the interest rate ceiling
RBI Update : Inclusion of “Unity Small Finance Bank Limited” in the Second Schedule of the Reserve Bank of India Act, 1934
“Unity Small Finance Bank Limited” has been included in the Second Schedule to the Reserve
RBI Update: Requirement for obtaining prior approval in case of takeover/acquisition of control of non-bank PSOs and sale/transfer of payment system activity of non-bank PSO
The operations of non-bank PSOs (authorised to operate any Payment System) have been reviewed and
RBI Update: Note Sorting Machines – Authentication and Fitness Sorting Parameters
The Reserve Bank of India (RBI) has asked banks to test their note sorting machines
RBI Update: Provisioning Requirement for Investment in Security Receipts (SRs)
To provide a glide path to the entities which were kept out of the ambit
RBI Update: Restriction on Storage of Actual Card Data [i.e. Card-on-File (CoF)]
Reserve Bank of India (RBI) circulars dated March 17, 2020 and dated March 31, 2021 on “Guidelines on
RBI Update: Master Circular – Housing Finance for UCBs
The Reserve Bank of India (RBI) on 23rd June 2022 doubled the limit on home