RBI Update – Interest Rates on Foreign Currency (Non-resident) Accounts (Banks) [FCNR(B)] Deposits
It has been decided to increase the interest rates ceiling on fresh FCNR(B) deposits raised
RBI Update – Amendment to Framework for Facilitating Small Value Digital Payments in Offline Mode
RBI circular dated January 03, 2022 (updated as on August 24, 2023) which enabled small value
RBI Update – Inoperative Accounts / Unclaimed Deposits in banks
The banks are, advised to take necessary steps urgently to bring down the number of
RBI Update – Fully Accessible Route’ for Investment by Non-residents in Government Securities – Inclusion of Sovereign Green Bonds
The Government Securities that are eligible for investment under the FAR (‘specified securities’) were notified
RBI Update – Amendment to the Master Direction – Know Your Customer (KYC) Direction, 2016
The Master Direction on KYC has been amended to (a) align the instructions with the
RBI Update – Directions for Central Counterparties (CCPs)
Based on a periodic review of the Directions for CCPs, the updated directions governing the
RBI Update – Reserve Bank of India (Access Criteria for NDS-OM) Directions, 2024
These Directions shall be called the Reserve Bank of India (Access Criteria for NDS-OM) Directions,
RBI Update – Submission of information to Credit Information Companies (CICs) by ARCs
Submission of information to Credit Information Companies’1, ARCs had been advised to become a member
RBI Update – Implementation of Credit Information Reporting Mechanism subsequent to cancellation of licence or Certificate of Registration
All CIs, whose licence or CoR has been cancelled by the Reserve Bank of India
RBI Update – Interest Equalization Scheme (IES) on Pre and Post Shipment Rupee Export Credit
Government of India, vide Trade Notice dated September 30, 2024, has allowed for an extension