IFSCA signs MoU with RBI in the field of regulation, supervision of regulated entities

Nov 16, 2022

The MoU facilitates technical cooperation and the exchange of information, according to an official statement from IFSC Authority released on Wednesday.

Ombudsman scheme is single-window facility for plaints redressal against RBI-regulated entities: Ombudsman Chandigarh

Mar 16, 2023

To increase awareness about the Reserve Bank Integrated Ombudsman Scheme - 2021, a media interaction was organised under the aegis of G20 and on...

RBI directs review of unfair interest practices by financial institutions

Apr 29, 2024

According to RBI, the directive, effective immediately, aims to address concerns over certain unfair practices observed during RBI's onsite examination of regulated entities (REs)...

Banks must allow retail borrowers to switch between fixed and floating rates: RBI

Aug 18, 2023

Reserve Bank of India on Friday said regulated entities (REs) have the freedom and they must offer all categories of retail loans either on...

RBI issues advisory to banks emphasising need for preparedness for transition from LIBOR

Jul 08, 2021

Mumbai (Maharashtra) [India], July 8 : The Reserve Bank of India (RBI) on Thursday issued an advisory to banks and other RBI-regulated entities emphasizing...

RBI drafts plan on outsourcing of IT services by banks, NBFCs

Jun 24, 2022

New Delhi [India], June 24 : In order to ensure effective management of risks in outsourcing of IT activities by banks, non-banking financial companies,...