General permission for infusion of capital in overseas branches and subsidiaries and retention/ repatriation/ transfer of profits in these centres by banks incorporated in India
Please refer to para 1 of the ‘Statement on Developmental and Regulatory Policies’ dated December 8, 2021 on the above subject. 2. As per extant practice, banks incorporated in India…
External Commercial Borrowings (ECB) and Trade Credits (TC) Policy – Changes due to LIBOR transition
Please refer to paragraph 3 of the Governor’s Statement on Developmental and Regulatory Policies dated December 08, 2021. In this connection, attention of Authorised Dealer Category-I (AD Category-I) banks is…
Seeks to make amendments (Ninth Amendment, 2021) to the CGST Rules, 2017.
New Delhi, 01st December, 2021 G.S.R…(E).- In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government,…
Income tax (32nd Amendment), Rules, 2021.
New Delhi, the 23rd November, 2021 INCOME-TAX G.S.R. 831(E).—In exercise of the powers conferred by section 285B read with section 295 of the Income-tax Act, 1961 (43 of 1961), the…
Inclusion in/exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 – Regional Rural Banks (RRBs)
November 22, 2021 All Regional Rural Banks Madam/Sir, We advise that the name of Baroda UP Bank has been included to and names of three erstwhile Regional Rural Banks (RRBs)…
RBI releases the Report of the Working Group on digital lending including lending through online platforms and mobile apps
November 18, 2021 The Reserve Bank of India had constituted a Working Group (WG) on digital lending including lending through online platforms and mobile apps on January 13, 2021, with…
Appointment of Internal Ombudsman by Non-Banking Financial Companies
November 15, 2021 The Chairman/Managing Director & CEO a) NBFCs-D with 10 or more branches, and b) NBFCs-ND with asset size of Rs 5,000 crore and above (excluding NBFCs given…
Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances – Clarifications
November 12, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) excluding Payments Banks All Primary (Urban) Co-operative Banks/State Co-operative Banks/District Central Cooperative Banks…
Auction of Government Securities: Non-Competitive Bidding Facility to retail investors
November 12, 2021 All Scheduled Commercial Banks All State Co-operative Banks / All Scheduled Primary (Urban) Co-operative Banks / All Financial Institutions / All Primary Dealers/All stock exchanges/ Clearing Corporation…
RBI launches its First Global Hackathon – HARBINGER 2021
November 09, 2021 Reserve Bank is organising its first global hackathon – “HARBINGER 2021 – Innovation for Transformation” with the theme ‘Smarter Digital Payments’. The Hackathon invites participants to identify…