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RBI guidelines News

03 Sep 2024

AU Small Finance Bank Submits Application To RBI For Universal Bank Licence

As per the April guidelines of RBI, an SFB aiming to become a universal bank should have a minimum net worth of Rs 1,000 crore at the end of the previous quarter and shares of the bank should have been listed on a recognised stock exchange.

Finance Ministry

03 Jul 2024

Govt Bonds Worth Rs 28,000 Crore Coming Up For Sale On Friday

The government will have the option to retain additional subscriptions up to Rs 2,000 crore against each of the three securities.

30 Apr 2024

DNA: RBI Guidelines for Loan Recovery

Reserve Bank of India

27 Apr 2024

RBI Issues Draft Rules For Web Aggregators Of Loan Products

The RBI specifies that the digital view should include essential details such as the name of the bank or NBFC extending the loan.

01 Apr 2024

HDFC Bank Asks Customers To Avoid Using NEFT Money Transfer Method On April 1

To transfer money HDFC Bank customers can utilize alternative transaction methods like Immediate Payment Service (IMPS), Real Time Gross Settlement (RTGS), and Unified Payments Interface (UPI).

20 Aug 2023

RBI New Rules On EMI-Based Personal Loan: How It Could Affect Household Budget

RBI ordered all regulated entities to implement the guidelines by December 31, 2023 and inform all existing customers/borrowers about the reset option of floating interest rate for EMI available to them.

14 Apr 2023

DNA: Now pay through UPI even in zero balance

RBI has issued a new guideline for crores of people using UPI. According to the new guideline of RBI, now you will be able to pay through UPI even on zero balance.

09 Oct 2021

Amazon Prime Rs 129 monthly subscription returns back: Here’s how to avail it

Monthly plan was removed earlier this year by Amazon because of the new guidelines from the Reserve Bank of India. Monthly plan of Amazon prime can only be purchased via banks that have implemented guidelines Banks are asked to deploy one time AFA for recurring payments up to Rs 5,000 under the new RBI guidelines.

30 Aug 2021

RBI issues direction on compensation of private banks' top officials

The central bank had issued guidelines on the compensation of whole-time directors/ chief executive officers/ material risk takers and control function staff in November 2019. In terms of the extant guidelines, share-linked instruments are required to be fairly valued on the date of grant using the Black-Scholes model.

21 Aug 2021

Now, you've to memorise 16-digit debit, credit card numbers, expiry date, CVV

The new change means that customers debit cards or credit cards will have to give their 16-digit card number every time they make a transaction. This new change is expected to take place from January 2022. The apex bank was supposed to bring in the new guidelines in July.

23 May 2021

Alert! Banks to shut down for 3 days in May’s last week: Check full list here

The 3-day closure of banks will not happen one after another as the first bank holiday will happen on Sunday (May 23, 2021). Moreover, the banks will remain shut on May 30 as it is Sunday. The bank branches will remain shut in Andaman and Nicobar, Arunachal Pradesh, Chandigarh, Chhattisgarh, Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Jharkhand, Ladakh, Madhya Pradesh, Maharashtra, Sikkim, Tripura, Uttar Pradesh, Uttarakhand and West Bengal.

15 Jun 2020

SBI Card unveils video based customer identification feature

With social distancing being the new normal, VKYC enables a customer to undergo a completely presence-less journey, without the need to physically interact with anyone.

05 Nov 2019

RBI issue guidelines on compensation for Pvt Bank CEOs, Whole-time Directors

Reserve Bank of India (RBI) has issued guidelines on Compensation for Whole Time Directors/ Chief Executive Officers/ Material Risk Takers and Control Function staff. The guideline will be applicable on all private sector banks, including local Area Banks, Small Finance Banks, Payments Banks, and Foreign Banks operating in India.

Finance Minister Arun Jaitley

01 Aug 2017

Banks restructure corporate loans of Rs 2.04 lakh crore in FY17

The finance minister was responding to a question seeking names of companies whose loans have been restructured and at what terms.

Public lender IDBI Bank

12 Jul 2017

Gross NPA divergence at Rs 6,816 crore by Mar 2016: IDBI Bank

The Reserve Bank (RBI) had put gross bad loans on the bank's balancesheet at Rs 31,691.67 crore by 2016 March-end, which works out to a difference of Rs 6,816.60 crore.

02 Nov 2016

RBI to soon come out with norms on one-time settlement for debt ridden sectors

In order to provide breather to construction sector, the Reserve Bank is likely to come out soon with detailed norms for one-time settlement of loans in line with the Cabinet decision.

13 May 2016

RBI tweaks shareholding norms for private sector banks

The Reserve Bank has issued new guidelines on ownership in private sector banks by bundling shareholding patterns into two broad categories of individuals (natural persons) and legal entities/institutions, but retained the cap on foreign ownership at 74 percent.

RBI loan norms for corporates

15 Jun 2015

RBI norms on corporate loan recast credit Positive for banks: Moody's

The new RBI guidelines will allow banks to acquire majority equity stakes in corporates that are unable to honour their debt commitments. And acquiring a majority stake would make it easier for the banks to install new company management.

11 Apr 2015

RBI proposes tough outsourcing norms for NBFCs

The Reserve Bank proposed tough guidelines for outsourcing of work by NBFCs to ensure that their recovery agents do not resort to intimidation or harassment, either verbal or physical of borrowers.

02 Mar 2015

RBI revises priority sector lending norms

RBI, RBI guidelines, priority sector lending, adjusted net bank credit, Macquarie Research

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