RBI issues new compliance guidelines for banks

Sep 11, 2020

Mumbai (Maharashtra) [India], September 11 : The Reserve Bank of India (RBI) on Friday issued new guidelines for banks to tighten their compliance functions...

RBI constitutes Internal Working Group to review extant ownership guidelines for Indian private sector banks

Jun 12, 2020

New Delhi [India], June 13 : Reserve Bank of India (RBI) has constituted an Internal Working Group to review extant guidelines on ownership and...

SBI not a nodal bank for rupee trade with Russia, but just processing banks' request

Sep 16, 2022

New Delhi [India], September 16 : Banking major State Bank of India has clarified it is just making necessary arrangements and processing requests that...

RBI releases panel report on extant ownership guidelines and corporate structure for private banks

Nov 20, 2020

New Delhi [India], November 20 : Reserve Bank of India (RBI), on Friday, released a report on Extant Ownership Guidelines for Indian private sector...

RBI initiates transition plan: Small finance banks to ascend to universal banking status

Apr 27, 2024

According to the guidelines, SFBs seeking to transition into Universal Banks must meet specific eligibility criteria. Firstly, they must maintain a satisfactory track record...

India's risk-based internal audit requirement for NBFCs is credit positive: Moody's

Feb 08, 2021

Singapore, February 8 : The Reserve Bank of India (RBI) guidelines for non-banking finance companies (NBFCs) to implement a risk-based internal audit framework in...