RBI has announced a Scheme for Facilitating Accelerated Payout – Inoperative Accounts and Unclaimed Deposits. It aims to reduce both the […]
Draft RBI Gold Metal Loans Directions: These directions aim to consolidate, harmonize, and update the regulatory framework for the Gold Metal
The draft circular proposes amendments to the Large Exposures Framework (LEF) and the LEF-Credit Risk Mitigation (CRM) framework for foreign
It require Credit Institutions (CIs) and Credit Information Companies (CICs) to update credit data on a weekly basis, covering full
The circular explicitly states that an Indian bank’s exposures to its overseas branches and a foreign bank’s operating as a
The draft directions primarily focus on Transaction Accounts for a range of regulated entities, including Commercial Banks, Small Finance Banks,
The draft mandates that every bank must offer the BSBD account with certain minimum facilities free of charge, regardless of
The original guidelines were designed to curb concentration risk by disincentivizing large, highly leveraged borrowers from relying excessively on the
These regulations are intended to replace the existing 2016 framework under FEMA. The key proposed changes include relaxed eligibility criteria,
The key amendments include linking borrowing limits to the borrower’s net worth or a cap of USD 1 billion, except
