RBI Updates

Direct Benefit Transfer (DBT) Scheme – Implementation The use of Aadhaar to facilitate delivery of social

Change in Bank RateThe Bank Rate is revised downwards by 35 basis points from 6.00

Levy of foreclosure charges/pre-payment penalty on Floating Rate Loans by NBFCs Non-Banking Financial Company –

External Commercial Borrowings (ECB) Policy – Rationalisation of End-use ProvisionsECB proceeds cannot be utilised for

Exim Bank’s Government of India supported Line of Credit of USD 24.50 million to the

Permission to acquire financial asset from other Asset Reconstruction Companies (ARCs) It has been decided

Rationalisation and Revision of Agency Commission Payable to Banks on Government Transactions The agency commission

Rollout of the foreign exchange trading platform for retail participants – FX-RetailThe introduction of an

Security Measures for ATMs The Bank had constituted a Committee on Currency Movement (CCM) [Chair:

National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS) systems – Waiver of chargesThe