RBI opens up RTGS, NEFT to non-banks in phases - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
A technical upgrade of RTGS, targeted to enhance the resilience and to further improve the Disaster Recovery Time of the RTGS system, is scheduled after the close of business of April 17, 2021.
RBI to set up panel for reviewing ARCs: Shaktikanta Das
It is proposed to constitute a committee to undertake a comprehensive review of the working of ARCs in the financial sector ecosystem, RBI Governor Shaktikanta Das said
PTI | April 7, 2021 | Updated 14:17 IST
RBI Governor Shaktikanta Das
To facilitate smooth functioning of Asset Reconstruction Companies (ARCs), the Reserve Bank on Wednesday decided to set up a panel to undertake a comprehensive review of the working of such institutions. In the latest Budget, Finance Minister Nirmala Sitharaman announced setting up of Asset Reconstruction Company and Asset Management Company to tackle stressed assets.
After enactment of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act in 2002, regulatory guidelines for ARCs were issued in 2003 to enable development of this sector and to facilitate smooth functioning of these companies.
RBI to set up panel to undertake comprehensive review of ARCs
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Last Updated: Apr 07, 2021, 01:11 PM IST
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After enactment of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act in 2002, regulatory guidelines for ARCs were issued in 2003 to enable development of this sector and to facilitate smooth functioning of these companies.
Agencies
In the latest Budget, Finance Minister Nirmala Sitharaman announced setting up of Asset Reconstruction Company and Asset Management Company to tackle stressed assets.
To facilitate smooth functioning of Asset Reconstruction Companies (ARCs), the Reserve Bank on Wednesday decided to set up a panel to undertake a comprehensive review of the working of such institutions. In the latest Budget, Finance Minister Nirmala Sitharaman announced setting up of Asset Reconstruction Company and Asset Management Company to tackle stressed assets.
RBI allows RTGS, NEFT facilities to non-banking payment firms
The RBI today announced that it is proposing to enable non-bank payment systems like PPIs, card networks, wide-level ATM operators, among others to take direct membership in the Centralised Payment Systems
BusinessToday.In | April 7, 2021 | Updated 12:33 IST
The RBI also increased the maximum end-of-day balance limit for payment banks to Rs 2 lakh. Earlier, the limit was Rs 1 lakh
The Reserve Bank of India on Wednesday expanded Real-Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) facilities to non-bank payment system firms. The move could potentially benefit users of fintech firms such as Paytm, PhonePe, and others.