Stay updated with breaking news from Non Systemically Important Deposit. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The Reserve Bank has imposed monetary penalties on four co-operative banks. The co-operative banks are: Shree Lodra Nagarik Sahakari Bank Ltd, Malpur Nagarik Sahakari Bank Ltd, Jolarpet Co-operative Urban Bank Ltd and Limbasi Urban Co-operative Bank
The Reserve Bank of India Digital Lending Guidelines appeared to prohibit any transfer of risk by an RE to a third party in relation to lending, and therefore led to some industry-wide confusion on whether REs could enter into Digital Lending Guidelines arrangements.
Discussion Paper on Revised Regulatory Framework for NBFCs: A Scale Based Approach The Non-Banking Finance Company space has attracted the Reserve Bank of India's (RBI) gaze, again, of late with the regulator releasing a statement and a discussion paper at different times in the space of the last 60 days. On December 4 2020, the RBI in a statement 1 on developmental and regulatory policies, set out the need for regulation and supervision over NBFC (Non-Banking Financial Companies). A Discussion Paper 2 on the same was published on January 22, 2021 inviting responses and suggestions by Februar...