RBI removes Indian Overseas Bank from PCA framework

Sep 29, 2021

New Delhi [India], September 29 : The Reserve Bank of India (RBI) on Wednesday removed Indian Overseas Bank from its prompt corrective action (PCA)...

India joins OECD/G20 Inclusive Framework tax deal

Jul 02, 2021

New Delhi [India], July 2 : India and the majority of the members OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting adopted yesterday's...

RBI introduces prompt corrective action framework for NBFCs

Dec 14, 2021

Mumbai (India), December 14 : The Reserve Bank of India (RBI) on Tuesday issued the Prompt Corrective Action (PCA) framework for Non-Banking Financial Companies...

Biden unveils Indo-Pacific Economic Framework in Tokyo

May 23, 2022

Tokyo [Japan], May 23 : US President Joe Biden unveiled the discussion on Indo-Pacific Economic Framework for Prosperity (IPEF) on Monday with a dozen...

RBI introduces revised framework for ARC-borrower settlements

Jan 20, 2025

ARCs are now required to frame Board-approved policies governing the settlement of dues. These policies must cover crucial aspects such as the eligibility cut-off...

US welcomes EU's announcement regarding cyber sanctions framework

Jul 31, 2020

Washington D.C. [US], July 31 : The US on Thursday (local time) welcomed the announcement from the European Union's High Representative Josep Borrell regarding...