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Review of Minimum Investment Grade Credit Ratings for Deposits of NBFCs

May 02, 2022 All Deposit taking NBFCs (including deposit taking HFCs)Dear Sir/ Madam, Please refer to para 9 of Master Direction – Non-Banking Financial Companies Acceptance of Public Deposits (Reserve…

Income-tax (Eleventh Amendment) Rules, 2022.

G.S.R. 325(E).—In exercise of the powers conferred by sub-section (8A) of section 139 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct…

Guidelines on Compensation of Key Managerial Personnel (KMP) and Senior Management in NBFCs

April 29, 2022 As you are aware, a revised Scale Based Regulatory (SBR) framework for NBFCs was put in place vide circular DOR.CRE.REC.No.60/03.10.001/2021-22 October 22, 2021 In terms of para…

Report on Currency and Finance (RCF) for the year 2021-22

The Reserve Bank of India has released the Report on Currency and Finance (RCF) for the year 2021-22 today. The theme of the Report is “Revive and Reconstruct” in the…

Underwriting Auction for sale of Government Securities for ₹33000 crore on April 29, 2022

Government of India has announced the sale (re-issue) of Government Stock detailed below through auctions to be held on April 29, 2022. As per the extant scheme of underwriting notified…

Modified Interest Subvention Scheme for Short Term Loans for Agriculture and Allied Activities availed through Kisan Credit Card (KCC) during the financial year 2021-22

April 28, 2022 The Chairman / Managing Director / Chief Executive OfficerAll Public Sector Banks, Private Sector Banks andSmall Finance Banks Madam/Dear Sir, Please refer to our letter FIDD.CO.FSD.No.342/05.02.001/2020-21 dated…

Notice for Research Proposals, Workshops and Conferences

Date: 25.04.2022 Ministry of Corporate Affairs (MCA) is pleased to invite research proposals under the scheme “Funding Research and Studies, Workshops and Conferences etc.” with the objective of extracting knowledge…

Legal Entity Identifier (LEI) for Borrowers

April 21, 2022 All Scheduled Commercial Banks (Excluding Regional Rural Banks),All India Financial Institutions,Small Finance Banks, Local Area Banks,Primary (Urban) Co-operative Banks, andNon-Banking Financial Companies (including Housing Finance Companies) Madam/Dear…

Master Direction – Credit Card and Debit Card – Issuance and Conduct Directions, 2022

April 21, 2022 In exercise of the powers conferred by Sections 35A and Section 56 of the Banking Regulation Act, 1949 and Chapter IIIB of the Reserve Bank of India…

Creation of Honorary Designations at Board level in Urban Co-operative Banks

April 21, 2022 The Chairman / Managing Director / Chief Executive OfficerAll Primary (Urban) Co-operative Banks Madam/Dear Sir, It has been observed during the course of supervisory reviews that some…