Reserve Bank of India

Master Direction – Reserve Bank of India (Market-makers in OTC Derivatives) Directions, 2021.

13 min read

Reserve Bank of India

Master Direction – Reserve Bank of India (Market-makers in OTC Derivatives) Directions, 2021.

The draft Reserve Bank of India (Market-makers in OTC Derivatives) Directions, 2020 were released for public comments on December 04, 2020. Based on the feedback received from the market participants, the draft Directions were reviewed and have since been...

6 min read

Reserve Bank of India

Role of Chief Compliance Officer in Banking compliance functioning-RBI Guidelines

As part of robust compliance system, banks are required, inter-alia, to have an effective compliance culture, independent corporate compliance function and a strong compliance risk management programme at bank and group level. Such an independent compliance function is required...

Automation of Income Recognition, Asset Classification and Provisioning processes in banks-RBI

7 min read

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...

2 min read

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...

4 min read

Reserve Bank of India

Asset Reconstruction Companies registered with RBI are advised to adopt ‘Fair Practices Code’

In exercise of the powers conferred by Section 9 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002, Asset Reconstruction Companies registered with the Bank are advised to adopt ‘Fair Practices Code’ so...

54 min read

Master Direction – Non-Banking Financial Companies Acceptance of Public Deposits RBI Directions 2016

The Reserve Bank of India (the Bank), having considered it necessary in the public interest and being satisfied that for the purpose of enabling the Bank to regulate the credit system to the advantage of the country, it is...

List of Master Directions issued by Reserve Bank of India

5 min read

Reserve Bank of India

List of Master Directions issued by Reserve Bank of India

The existing set of Master Circulars issued by RBI on various subjects will stand withdrawn with the issue of the Master Direction on the subject. The Master Directions consolidate instructions on rules and regulations framed by the Reserve Bank...

Master Direction – Exemptions from the provisions of RBI Act 1934

5 min read

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...

7 min read

Reserve Bank of India

Reserve Bank released data relating to India’s International Investment Position as at end-March 2020.

International financial assets of Indian residents increased by US$ 73.9 billion due to the rise in reserve assets and overseas direct investment by US$ 64.9 billion and US$ 13.0 billion, respectively, though other investments declined marginally during the year

India’s External Debt as at the end of March 2020

4 min read

Reserve Bank of India

India’s External Debt as at the end of March 2020

At end-March 2020, India’s external debt was placed at US$ 558.5 billion, recording an increase of US$ 15.4 billion over its level at end-March 2019.

RBI Guidelines on Regulation of Payment Aggregators and Payment Gateways

18 min read

Reserve Bank of India

RBI Guidelines on Regulation of Payment Aggregators and Payment Gateways

Payment Application Security: Payment applications shall be developed as per PA-DSS guidelines and complied with as required. The entities shall review PCI-DSS compliance status as part of merchant onboarding process.

International Investment Position of India-RBI December 2019

5 min read

Reserve Bank of India

International Investment Position of India-RBI December 2019

Increase in reserve assets (US $ 26.2 billion) was the dominant contributor to higher increase in Indian residents’ overseas financial assets, followed by overseas direct investments (US $ 3.3 billion).

United States Code

Master Direction – Reserve Bank of India (Market-makers in OTC Derivatives) Directions, 2021.

Role of Chief Compliance Officer in Banking compliance functioning-RBI Guidelines

Automation of Income Recognition, Asset Classification and Provisioning processes in banks-RBI

Power of RBI to control advances by banking companies (Sec 21 of Banking Regulation Act)

Asset Reconstruction Companies registered with RBI are advised to adopt ‘Fair Practices Code’

Master Direction – Non-Banking Financial Companies Acceptance of Public Deposits RBI Directions 2016

List of Master Directions issued by Reserve Bank of India

Master Direction – Exemptions from the provisions of RBI Act 1934

Reserve Bank released data relating to India’s International Investment Position as at end-March 2020.

India’s External Debt as at the end of March 2020

RBI Guidelines on Regulation of Payment Aggregators and Payment Gateways

International Investment Position of India-RBI December 2019

Current Posts

Uddharan Dutta Thakur (1904)

Siddhanta Darpana of Baladeva Vidyabhushana (Nanda Mishra Commentary)

Higher Bengali Grammar-Vamandev Chakraverty

Unique Transaction Reference number (22-character code) used to uniquely identify a transaction in RTGS system