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RBI moots tighter rules to harmonise norms of housing finance firms, NBFCs

The RBI today issued a draft framework seeking to harmonise regulations of HFCs with those of NBFCs in several areas including deposit directions. The banking regulator has invited comments from NBFCs (including HFCs) and other stakeholders by February 29, 2024
Sachin Tendulkar National Housing Bank Banking Financial Company Housing Finance Company Reserve Bank Directions Account Aggregator Master Direction

RBI issues new rules on inoperative, unclaimed savings accounts, FD, deposits: FAQs on how to claim, charges, interest to be paid

The Reserve Bank of India (RBI) has issued comprehensive guidelines on the measures to be implemented by the banks covering various aspects. The revised instructions shall come into effect from April 1, 2024, stated RBI.
Reserve Bank Standing Instructions Direct Benefit Transfer Government Schemes Video Customer Identification Process Master Direction

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foreign exchange derivatives: RBI refines extant framework for FX hedge to enhance efficiency, ease of access

Based on the feedback from the market, the regulatory framework has been made more comprehensive by consolidating directions for all types of transactions – over-the-counter (OTC) and exchange-traded - under a single Master Direction, the RBI said in a release.
Shivaji Thapliyal Monetary Policy Committee Reserve Bank Master Direction Monetary Policy Foreign Exchange Derivatives

RBI issues new directions to banks, NBFCs on IT governance & cyber security

The RBI has issued a new comprehensive Master Direction to banks and NBFCs on Information Technology Governance, Risk, Controls and Assurance Practices which spells out the role of Directors of these regulated entities to discharge their duties ...
Nbfcs On Information Technology Governance Master Direction Information Technology Governance Assurance Practices De Militarized Zone Information Asset

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