The key changes include omission of references to ‘subsidiary banks’ in rules and forms, and removal of certain sub-clauses in […]
The Lead Bank Responsibility for new district i.e Vav-Tharad in the state of Gujarat has been assigned to Bank of
The new guidelines allow any person, except citizens of Pakistan or Bangladesh, to carry Indian currency notes in specific limits.
The amendment defines Current Account to include demand deposits not classified as savings or term deposits. Banks may maintain unrestricted
Amendment to RBI Commercial Banks- Credit Risk Management Directions: The amendments introduce provisions regarding maintenance of Cash Credit (CC), Current, and
Amendment to RBI Commercial Banks- CRR and SLR Directions: The directions redefine ‘Fortnight’ for CRR and SLR maintenance from ‘Saturday to
The Directions govern the conduct of Interest Rate Derivatives (IRD) transactions in both over-the-counter (OTC) markets and on recognized stock
To enhance transparency in the foreign exchange market, Authorised Dealers were mandated in January 2024, to provide the mid-market mark
The amendments replace paragraphs 44– 47, reiterating that all activities permitted to banks under Banking Regulation Act, must be undertaken
The amendment insert new paragraph 60A, which mandates that NBFCs forming part of a Scheduled Commercial Bank group must also
