WebJun 13, 2024 · The updated oversight framework, released by the central bank on Saturday, lays down new designations of systematically important FMIs, legal framework that … WebJan 1, 2024 · Mumbai: The Reserve Bank of India (RBI) on Monday said that while the current financial conglomerate (FC) oversight satisfies all relevant guidelines, there possibly is scope to further fine-tune ...
RBI Directions on Managing risks and Code of Conduct in …
WebApr 10, 2024 · Updated On Apr 10, 2024 at 03:34 PM IST. The Reserve Bank of India ( RBI) on Monday has released a set of guidelines for the outsourcing of Information Technology services by banks, NBFCs, and other financial institutions. It has categorically mentioned setting up of a comprehensive Board approved IT outsourcing policy by the Regulated … Web1 hour ago · Published On Apr 15, 2024 at 08:00 AM IST. The Reserve Bank of India ( RBI) has released the framework for acceptance of Green Deposits to encourage regulated entities (REs) to offer green deposits to customers. As per the guidelines, the REs include all the SCBs, SFBs, NBFCs, and HFCs with the aim to protect interest of the depositors, aid ... rawlings exposure
Summary of Master Direction on Outsourcing of Information …
WebOct 14, 2024 · The framework was stated in the Statement on Developmental and Regulatory Policies released with the monetary policy statement. The framework was issued under Section 10 (2) which has to be read with Section 18 of the Payment and Settlement Act, 2007. RBI also made it clear that PSO will not have to seek any prior approval for … WebOct 26, 2024 · The recent softness in the NBFC sector is an opportunity for the government and regulators to reconsider the role of these institutions within India’s financial system. We would welcome efforts by the RBI to strengthen its regulatory and oversight framework to capture all licensed financial institutions, including all systemically important ... WebApr 11, 2024 · The RBI says in the case of foreign banks operating in India through branch mode, "a reference to the board or board of directors in these norms should be read as a reference to the head office or controlling office which has the oversight over the branch operations in India.” "Further, such foreign banks shall be subject to a ‘comply or explain’ … simple gift wrapping ideas