Basel Committee Charter Updated 5 June 2018 Table of contents Purpose and role Membership Oversight Organisation BCBS standards, guidelines and sound practices Consultation with non-member authorities Relationship with other international financial bodies […]
State of global financial regulation- William Coen
1- Introduction Thank you for this opportunity to provide an update on the Basel Committee’s work to finalise the global regulatory framework, as well as its longer-term agenda. I note that I […]
Basel Committee on Banking Supervision (BCBS)
BCBS 45 members comprise central banks and bank supervisors from 28 jurisdictions BIS is an international organisation which fosters cooperation among central banks and other agencies in pursuit of financial and […]
Brief history of Finance and technology – Pablo Hernández de Cos-2019
19 November 2019 Good evening, and thank you for inviting me to speak at this year’s Euro Finance Week. Introduction As many of you know, I was appointed Chairman of the Basel […]
Financial institutions definition by FATF
Financial institutions Financial institutions means any natural or legal person who conducts as a business one or more of the following activities or operations for or on behalf of a customer: 1- […]
Automation of Income Recognition, Asset Classification and Provisioning processes in banks-RBI
Banks shall keep the business logic and other parameters/configurations of the System updated to ensure that the System based identification, classification, provisioning and income recognition are strictly in compliance with the regulatory guidelines on an ongoing basis. There should be periodic system audit, at least once in a year, by Internal / External Auditors who are well versed with the system audit both on system parameters as also from the perspective of compliance to Income Recognition, Asset Classification and Provisioning guidelines.
Application Of Banking Regulation Act To Co-Operative Banks( Sec 56 of Banking Regulation Act)
Application Of The Banking Regulation Act 1949 To Co-Operative Banks 56- Act to apply to co-operative societies subject to modifications The provisions of this Act, as in force for the time being, […]
Power of RBI to control advances by banking companies (Sec 21 of Banking Regulation Act)
Where the Reserve Bank is satisfied that it is necessary or expedient in the public interest or in the interests of depositors or banking policy so to do, it may determine the policy in relation to advances to be followed by banking companies generally or by any banking company in particular, and when the policy has been so determined, all banking companies or the banking company concerned, as the case may be, shall be bound to follow the policy as so determined.
RBI Priority Sector Lending – Targets and Classification Directions 2020
Reserve Bank of India has comprehensively reviewed the Priority Sector Lending (PSL) Guidelines to align it with emerging national priorities and bring a sharper focus on inclusive development, after having wide-ranging discussions with all stakeholders.
Business and work of The Reserve Bank of India
Reserve Bank is there to regulate the issue of Bank notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage; to have a modern monetary policy framework to meet the challenge of an increasingly complex economy, to maintain price stability while keeping in mind the objective of growth.
Monetary Policy: Reserve Bank of India
Monetary policy refers to the policy of the central bank with regard to the use of monetary instruments under its control to achieve the goals specified in the Act.
The Reserve Bank of India (RBI) is vested with the responsibility of conducting monetary policy. This responsibility is explicitly mandated under the Reserve Bank of India Act, 1934.
Master Direction – Exemptions from the provisions of RBI Act 1934
The Reserve Bank of India (the Bank), being satisfied that, in the public interest, and to enable the Bank to regulate the financial system of the country to its advantage, in exercise of the powers conferred by section 45NC of the Reserve Bank of India Act, 1934 (Act 2 of 1934) and of all the powers enabling it in this behalf exempts the categories of non-banking financial companies as given below from certain provisions of the Reserve Bank of India Act, 1934 (the RBI Act, 1934) as specified hereunder
Retail payments and settlement systems in India
National Payments Corporation of India (NPCI), an umbrella organisation for operating retail payments and settlement systems in India, is an initiative of Reserve Bank of India (RBI) and Indian Banks’ Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007
RBI Monthly Bulletin-June 2020
The Bulletin includes RBI Governor’s statement, Monetary Policy Statement, 2020-21, Statement on Developmental and Regulatory Policies, four Articles and Current Statistics. The four articles are: I. Quarterly Estimates of Households’ Financial Assets and Liabilities; II. Issues in Non-Bank Financial Intermediation; III. Market Financing Conditions for NBFCs: Issues and Policy Options; and IV Provisional Accounts of Central Government Finances 2019-20: An Assessment.
Banking phishing
The victim is redirected to a fake website similar to the impersonated service, where the user thinking he is on the official site, ends up filling out a form where he provides the same data he would have used on the actual website.
Law of Reserve Banking
Creation of the Reserve Bank of India and Reserve Banking A bank to be called the Reserve Bank of India shall be constituted for the purposes of taking over the management of […]
Banco Central de Cuba-Central Bank of Cuba
Central Bank of Cuba The creation of the Central Bank of Cuba (BCC), arranged by the Council of State by Decree Law No. 172, of May 28, 1997.The National Banking System, headed […]
Members of The Joint Forum on Financial Conglomerates
The Joint Forum (JF) was established in 1996 under the aegis of the Basel Committee on Banking Supervision (BCBS), the International Organization of Securities Commissions (IOSCO) and the International Association of Insurance […]
India Banks have been granted permission to declare dividends by RBI-04/05/2005
These guidelines permitted banks to declare dividends subject to a ceiling of 33.33% on the dividend payout ratio, without obtaining the prior approval of RBI, subject to the fulfilment of the laid down criteria.
Central Banks in Response to COVID-19 Outbreak
The key existential question is: Will the worldwide effort contain the mortality and morbidity as also the macroeconomic consequences of COVID-19?
