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Month: May 2022

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Maintenance of Cash Reserve Ratio (CRR)

May 04, 2022 All BanksMadam/Sir, Please refer to our circular DOR.No.Ret.BC.35/12.01.001/2020-21 dated February 05, 2021 and relative notification on the captioned subject. 2. As announced in the Governor’s Statement dated…

Change in Bank Rate

May 04, 2022 All BanksMadam/Sir, Please refer to our circular DOR.No.Ret.BC.74/12.01.001/2019-20 dated May 22, 2020 on the captioned subject. 2. As announced in the Monetary Policy Statement 2022-23 dated May…

Standing Liquidity Facility for Primary Dealers

May 4, 2022 All Primary Dealers, In the Monetary Policy Statement 2022-23, dated May 4, 2022, the policy repo rate under the Liquidity Adjustment Facility (LAF) has been increased by…

ASBA designated branches to remain open for public on May 8, 2022 (Sunday) to facilitate processing of applications for LIC IPO

May 4, 2022 All Scheduled Commercial BanksMadam/ Dear Sir The Government of India, in order to facilitate bidding for LIC IPO, has requested that all bank branches designated to process…

Liquidity Adjustment Facility- Change in rates

May 04, 2022 All Liquidity Adjustment Facility (LAF) participantsMadam/Sir, As announced in the Monetary Policy Statement, 2022-23, today, it has been decided by the Monetary Policy Committee (MPC) to increase…

Monetary Policy Statement, 2021-22 Resolution of the Monetary Policy Committee (MPC) May 2 and 4, 2022

May 04, 2022 On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (May 4, 2022) decided to:…

System and Network Audit of Market Infrastructure Institutions (MIIs)

May 02, 2022 To,All Stock Exchanges,All Clearing Corporations,All Depositories 1. Taking into account the rapid technological developments in the securities market and the entailing risks that these developments pose to…

Note on Income-tax (Eleventh Amendment) Rules, 2022.

Department : Income Tax Notification reference : Notification No. 48/2022 Notification Date : 29th April, 2022 INTRODUCTION : The Income Tax Department inserted a new rule named 12AC (updated return…

RVKS and Associates Newsletter – Volume 1.14

3.5.2022 Newsletter : https://drive.google.com/file/d/116iSOZ2eByrQgyc9ntWJhPyx4pT1tgzy/view?usp=sharing

How to keep your debit, credit card transaction safe? SBI shares 5 tips

SBI recently came up with comprehensive digital security guidelines for customers to ensure safe and secure transactions. (Mint) SBI has offered some safety tips on the usage of credit card…