Skip to main content

Archive 2024

This is an archive of the articles published on this blog in the descending order of the date of publication.

RBI’s Monetary Policy (December 06, 2024): In A Nutshell - https://inquisitivemind5.blogspot.com/2024/12/rbis-monetary-policy-december-06-2024.html

Operational framework for reclassification of Foreign Portfolio Investment to Foreign Direct Investment (FDI) - https://inquisitivemind5.blogspot.com/2024/11/operational-framework-for.html

Directions on Access Criteria for NDS-OM - https://inquisitivemind5.blogspot.com/2024/10/directions-on-access-criteria-for-nds-om.html

Compounding of Contraventions under FEMA, 1999 - https://inquisitivemind5.blogspot.com/2024/10/compounding-of-contraventions-under.html

Guidance Note on Operational Risk Management and Operational Resilience - https://inquisitivemind5.blogspot.com/2024/09/guidance-note-on-operational-risk.html

Framework for Recognition of Self-Regulatory Organisations (SROs) in Financial Markets regulated by RBI - https://inquisitivemind5.blogspot.com/2024/09/framework-for-recognition-of-self.html

Scheme for Trading and Settlement of Sovereign Green Bonds (SGrBs) in the International Financial Services Centre (IFSC) in India - https://inquisitivemind5.blogspot.com/2024/08/scheme-for-trading-and-settlement-of.html

Review of regulatory framework for HFCs and harmonisation of regulations applicable to HFCs and NBFCs - https://inquisitivemind5.blogspot.com/2024/08/review-of-regulatory-framework-for-hfcs.html

Draft Framework on Alternative Authentication Mechanisms for Digital Payment Transactions - https://inquisitivemind5.blogspot.com/2024/08/draft-framework-on-alternative.html

Draft Directions on Due Diligence of AePS Touchpoint Operators - https://inquisitivemind5.blogspot.com/2024/08/draft-directions-on-due-diligence-of.html

Cyber Resilience and Digital Payment Security Controls for non-bank Payment System Operators (PSOs) - https://inquisitivemind5.blogspot.com/2024/08/cyber-resilience-and-digital-payment.html

Prudential Treatment of Bad and Doubtful Debt Reserve by Co-operative Banks - https://inquisitivemind5.blogspot.com/2024/08/prudential-treatment-of-bad-and.html

Modified Interest Subvention Scheme for Agricultural Loans - https://inquisitivemind5.blogspot.com/2024/08/modified-interest-subvention-scheme-for.html

Wilful Defaulters and Large Defaulters - https://inquisitivemind5.blogspot.com/2024/08/wilful-defaulters-and-large-defaulters.html

Overseas Investment - https://inquisitivemind5.blogspot.com/2024/08/overseas-investments.html

Declaration of dividend by UCBs - https://inquisitivemind5.blogspot.com/2024/08/declaration-of-dividend-by-ucbs.html

When are UCBs placed under PCA? What are its implications? - https://inquisitivemind5.blogspot.com/2024/07/when-are-ucbs-placed-under-pca-what-are.html

Domestic Money Transfer - https://inquisitivemind5.blogspot.com/2024/07/domestic-money-transfer.html

Fraud Risk Management in Commercial Banks (including RRBs), AIFI, UCBs, StCBs, CCBs and NBFCs (including HFCs) - https://inquisitivemind5.blogspot.com/2024/07/fraud-risk-management-in-commercial.html

Draft Regulation of Foreign Trade under Foreign Exchange Management Act (FEMA), 1999 - https://inquisitivemind5.blogspot.com/2024/07/draft-regulation-of-foreign-trade-under.html

What is Project Nexus? - https://inquisitivemind5.blogspot.com/2024/07/what-is-project-nexus.html

Floating Rate Savings Bonds, 2020 (Taxable) – FRSB 2020 (T) - https://inquisitivemind5.blogspot.com/2024/07/floating-rate-savings-bonds-2020.html

Guidelines on Money Changing Activities - https://inquisitivemind5.blogspot.com/2024/07/guidelines-on-money-changing-activities.html

Framework on Currency Swap Arrangement for SAARC countries - https://inquisitivemind5.blogspot.com/2024/06/framework-on-currency-swap-arrangement.html

Recognition of Self-Regulatory Organisations (SROs) for Non-Banking Financial Companies (NBFCs) - https://inquisitivemind5.blogspot.com/2024/06/recognition-of-self-regulatory.html

Framework for Self-Regulatory Organisations in the FinTech Sector - https://inquisitivemind5.blogspot.com/2024/06/framework-for-self-regulatory.html

Highlights of RBI Annual Report 2023-24 – Chapter 7 to 12 - https://inquisitivemind5.blogspot.com/2024/06/highlights-of-rbi-annual-report-2023-24_18.html

Highlights of RBI Annual Report 2023-24 – Chapter 6 (Part II) - https://inquisitivemind5.blogspot.com/2024/06/highlights-of-rbi-annual-report-2023-24_17.html

Highlights of RBI Annual Report 2023-24 – Chapter 6 (Part I) - https://inquisitivemind5.blogspot.com/2024/06/highlights-of-rbi-annual-report-2023-24_16.html

Highlights of RBI Annual Report 2023-24 – Chapter 4 & 5 - https://inquisitivemind5.blogspot.com/2024/06/highlights-of-rbi-annual-report-2023-24_15.html

Highlights of RBI Annual Report 2023-24 – Chapter 1 to 3 - https://inquisitivemind5.blogspot.com/2024/06/highlights-of-rbi-annual-report-2023-24.html

Draft Directions for Electronic Trading Platforms (ETPs) - https://inquisitivemind5.blogspot.com/2024/05/draft-directions-for-electronic-trading.html

Asset Reconstruction Companies (ARCs) - https://inquisitivemind5.blogspot.com/2024/05/asset-reconstruction-companies-arcs.html

Margining for Non-Centrally Cleared OTC Derivatives - https://inquisitivemind5.blogspot.com/2024/05/margining-for-non-centrally-cleared-otc.html

Banks' Exposure to Capital Market - Issue of Irrevocable Payment Commitments (IPCs) - https://inquisitivemind5.blogspot.com/2024/05/banks-exposure-to-capital-market-issue.html

Margin for Derivative Contracts - https://inquisitivemind5.blogspot.com/2024/05/margin-for-derivative-contracts.html

Fair Practices Code for Lenders – Charging of Interest - https://inquisitivemind5.blogspot.com/2024/05/fair-practices-code-for-lenders.html

Women Enterprise Acceleration Fund - https://inquisitivemind5.blogspot.com/2024/04/women-enterprise-acceleration-fund.html

Draft Guidelines on ‘Digital Lending – Transparency in Aggregation of Loan Products from Multiple Lenders’ - https://inquisitivemind5.blogspot.com/2024/04/draft-guidelines-on-digital-lending.html

Voluntary transition of Small Finance Banks to Universal Banks - https://inquisitivemind5.blogspot.com/2024/04/voluntary-transition-of-small-finance.html

Draft Directions on Regulation of Payment Aggregators (PAs) - https://inquisitivemind5.blogspot.com/2024/04/draft-directions-on-regulation-of.html

Key Facts Statement (KFS) for Loans & Advances - https://inquisitivemind5.blogspot.com/2024/04/key-facts-statement-kfs-for-loans.html

Banking Regulation Act, 1949 – Part-V – Section 45ZA to 56 - https://inquisitivemind5.blogspot.com/2024/04/banking-regulation-act-1949-part-v.html

Banking Regulation Act, 1949 – Part-IV – Section 36AA to 45Q - https://inquisitivemind5.blogspot.com/2024/04/banking-regulation-act-1949-part-iv.html

Banking Regulation Act, 1949 – Part-III – Section 26 to 36 - https://inquisitivemind5.blogspot.com/2024/04/banking-regulation-act-1949-part-iii.html

Banking Regulation Act, 1949 – Part-II – Section 17 to 24 - https://inquisitivemind5.blogspot.com/2024/04/banking-regulation-act-1949-part-ii.html

Banking Regulation Act, 1949 – Part-I – Section 3 to 12B - https://inquisitivemind5.blogspot.com/2024/03/banking-regulation-act-1949-part-i.html

Omnibus framework for recognising SROs for Regulated Entities - https://inquisitivemind5.blogspot.com/2024/03/omnibus-framework-for-recognising-self.html

Draft Disclosure framework on Climate-related Financial Risks - https://inquisitivemind5.blogspot.com/2024/03/draft-disclosure-framework-on-climate.html

Interest Equalization Scheme (IES) on Pre and Post Shipment Rupee Export Credit - https://inquisitivemind5.blogspot.com/2024/03/interest-equalization-scheme-ies-on-pre.html

Arrangements with Card Networks for issue of Credit Cards - https://inquisitivemind5.blogspot.com/2024/03/arrangements-with-card-networks-for.html

What is Bharat Bill Payment System (BBPS)? - https://inquisitivemind5.blogspot.com/2024/03/what-is-bharat-bill-payment-system-bbps.html

Submission of Supervisory Returns by NBFCs - https://inquisitivemind5.blogspot.com/2024/02/submission-of-supervisory-returns-by.html

Credit / Investment Concentration Norms and Large Exposures Framework for NBFCs - https://inquisitivemind5.blogspot.com/2024/02/credit-investment-concentration-norms.html

Financial Literacy Week (FLW) 2024 - https://inquisitivemind5.blogspot.com/2024/02/financial-literacy-week-flw-2024.html

Draft Licensing Framework for Authorised Persons (APs) under FEMA - https://inquisitivemind5.blogspot.com/2024/02/draft-licensing-framework-for.html

Exposure Norms for UCBs - https://inquisitivemind5.blogspot.com/2024/02/exposure-norms-for-ucbs.html

Guidelines on Participation of Indian Banks on IIBX - https://inquisitivemind5.blogspot.com/2024/02/guidelines-on-participation-of-indian.html

Draft Directions on Bond Forwards - https://inquisitivemind5.blogspot.com/2024/02/draft-directions-on-bond-forwards.html

Draft Guidelines for Declaration of Dividend and Remittance of Profit - https://inquisitivemind5.blogspot.com/2024/02/draft-guidelines-for-declaration-of.html

Draft Omnibus Framework for recognising Self-Regulatory Organisations for Regulated Entities - https://inquisitivemind5.blogspot.com/2024/02/draft-omnibus-framework-for-recognising.html

Draft Framework for recognising Self-Regulatory Organisations for FinTech Sector - https://inquisitivemind5.blogspot.com/2024/02/draft-framework-for-recognising-self.html

Inclusion of UCBs in the Second Schedule to the RBI Act, 1934 - https://inquisitivemind5.blogspot.com/2024/02/inclusion-of-ucbs-in-second-schedule-to.html

Appointment / Re-appointment of Statutory Auditors of StCBs and CCBs - https://inquisitivemind5.blogspot.com/2024/02/appointment-re-appointment-of-statutory.html

Investments in Alternative Investment Funds (AIFs) - https://inquisitivemind5.blogspot.com/2024/02/investments-in-alternative-investment.html

Hedging of Foreign Exchange Risk - https://inquisitivemind5.blogspot.com/2024/01/hedging-of-foreign-exchange-risk.html

Manner of Receipt and Payment from Person Resident outside India - https://inquisitivemind5.blogspot.com/2024/01/manner-of-receipt-and-payment-from.html?m=1

Financial Benchmark Administrators - https://inquisitivemind5.blogspot.com/2024/01/financial-benchmark-administrators.html

Internal Ombudsman for Regulated Entities - https://inquisitivemind5.blogspot.com/2024/01/internal-ombudsman-for-regulated.html

Commercial Paper and Non-Convertible Debentures of maturity up to one year - https://inquisitivemind5.blogspot.com/2024/01/commercial-paper-and-non-convertible.html

Systematically Important Banks (SIBs) - https://inquisitivemind5.blogspot.com/2024/01/systematically-important-banks.html

Government Securities Lending - https://inquisitivemind5.blogspot.com/2024/01/government-securities-lending.html

Payments Infrastructure Development Fund (PIDF) - https://inquisitivemind5.blogspot.com/2024/01/payments-infrastructure-development.html


Follow at - Telegram   Instagram   LinkedIn   X   Facebook

Comments

Post a Comment

Popular Posts

Report of the Committee to develop a Framework for Responsible and Ethical Enablement of Artificial Intelligence (FREE-AI) in the Financial Sector

Reserve Bank of India (RBI) has released the report of the committee to develop a framework for responsible and ethical enablement of artificial intelligence (FREE-AI) in the financial sector. Committee to develop a Framework for Responsible and Ethical Enablement of Artificial Intelligence (FREE-AI) in the Financial Sector In the financial sector, Artificial Intelligence (AI) has the potential to unlock new forms of customer engagement, enable alternate approaches to credit assessment, risk monitoring, fraud detection, and offer new supervisory tools. At the same time, increased adoption of AI could lead to new risks like bias and lack of explainability, as well as amplifying existing challenges to data protection, cybersecurity, among others. To encourage the responsible and ethical adoption of AI in the financial sector, the committee to develop a Framework for Responsible and Ethical Enablement of Artificial Intelligence (FREE-AI) in the Financial Sector (Chairperson: Dr. Pushpak B...
Post a Comment
Read more

Continuous Clearing and Settlement on Realisation in Cheque Truncation System (CTS)

Reserve Bank of India (RBI) has issued direction on continuous clearing and settlement on realisation in Cheque Truncation System (CTS). What is Cheque Truncation System (CTS)? Cheque Truncation System (CTS) involves halting the physical movement of the cheque and its replacement by images of the instrument and the corresponding data contained in the MICR line.  In CTS, 3 images are taken of each cheque – front Gray Scale, front Black & White and back Black & White. MICR (Magnetic Ink Character Recognition) is a 9-digit code printed at the bottom of cheques using magnetic ink – first 3 digits indicate City Code, middle 3 digits indicate Bank Code and the last 3 digits indicate Bank Branch Code. Only CTS-2010 standards compliant instruments can be presented for clearing through CTS. The presenting banks which truncates the cheques need to preserve the physical instruments for 10 years. From when will the continuous clearing and settlement on realisation in CTS be implemented...
Post a Comment
Read more

Non-Fund Based Credit Facilities

Reserve Bank of India (RBI) has issued directions on non-fund based credit facilities. To whom shall the directions be applicable? The directions shall apply to the following Regulated Entities (REs) for all their Non-Fund Based (NFB) exposures such as guarantee, letter of credit, co-acceptance etc. Commercial Banks (including Regional Rural Banks and Local Area Banks) Primary (Urban) Co-operative Banks (UCBs) / State Co-operative Banks (StCBs) / Central Co-operative Banks (CCBs) All India Financial Institutions (AIFIs) Non-Banking Financial Companies (NBFCs) including Housing Finance Companies (HFCs) in Middle Layer and above, only for the issuance of Partial Credit Enhancement. The directions shall not apply to the derivative exposures of a RE. Which NFB facilities are permitted to be issued by RE? RE shall issue a NFB facility only on behalf of a customer having funded credit facility from the RE. However, this shall not be applicable in respect of – Derivative contracts entered int...
Post a Comment
Read more

RBI’s Monetary Policy (August 06, 2025): In A Nutshell

The bi-monthly monetary policy of Reserve Bank of India (RBI) was announced on August 06, 2025. Here are some of the highlights of the monetary policy announcement. Rates   Change Rate Policy repo rate Unchanged 5.50% Standing deposit facility (SDF) rate 5.25% Marginal standing facility (MSF) rate 5.75% Bank rate 5.75% Monetary policy stance Monetary policy stance unchanged as ‘neutral’. Domestic Economy  Real GDP growth for 2025-26 is projected at 6.5%. CPI headline inflation declined for the eighth consecutive month to a 77-month low (since January 2019) of 2.1% in June, driven primarily by a sharp decline in food inflation. Food inflation recorded its first negative print since February 2019 at (-) 0.2% in June. CPI inflation for 2025-26 is projected at 3.1%. India’s current account deficit (CAD) moderated to 0.6% of GDP in 2024-25 from 0.7% of GDP in 2023-24 due to robust services exports and strong remittances receipts despite higher merchandise trade deficit. As on Augus...
Post a Comment
Read more

Committees to be constituted by NBFC-BL

Non-Banking Financial Companies (NBFCs) are required to constitute various committees for effective corporate governance. This article lists out some of the important committees to be constituted by the Base Layer NBFCs (NBFC-BL). Board of Directors Applicability Companies Act, 2013 Section 149(1) – Every company shall have a Board of Directors. Composition of the Board Companies Act, 2013 Section 149(1) – The Board of Directors shall consist of individuals as directors – Public company – minimum 3 directors Private company – minimum 2 directors One Person Company – minimum 1 director  Maximum 15 directors (more than 15 directors may be appointed after passing a special resolution) Section 149(4) – Every listed public company shall have at least 1/3rd of the total number of directors as independent directors. Companies (Appointment and Qualifications of Directors) Rules, 2014 Rule 3 – The following companies shall appoint at least 1 woman director – Every listed company Every other...
Post a Comment
Read more