WebMay 26, 2024 · What did RBI say? "The CoR of the abovementioned NBFCs have been cancelled on account of violation of RBI guidelines on outsourcing and Fair Practices Code in their digital lending operations ... WebJan 27, 2024 · RBI has also proposed a scale-based regulatory framework for NBFCs to be effective from October 2024, to promote better governance and structural strengthening of the sector, with a long-term goal ...
RBI issued guidelines for banks and NBFCs to use outsourcing IT ...
WebApr 11, 2024 · RBI has also mentioned about a list of ‘exclusions’ for REs. This includes projects involving new or existing extraction, production and distribution of fossil fuels; nuclear power generation; and direct waste incineration. Banks and NBFCs will have to put in place a comprehensive board-approved policy on green deposits. Web17 hours ago · Note on NBFC-CICs. NBFCs: As per section 45-I(c) read with section 45-I(f) of RBI Act, 1934, NBFC means: a financial institution which is a company; a non-banking institution which is a company and which has as its principal business the receiving of deposits, under any scheme or arrangement or in any other manner, or lending in any … chinese built travel alarm clocks
RBI issues detailed norms for outsourcing of IT services by banks, NBFCs
WebJun 13, 2024 · Through an efficient compensation policy based on the guidelines of the RBI, the right managerial environment will not only help in the growth and profitability of … WebThe RBI Restricts Investment in NBFCS from F.A.T.F. Non-Compliant Jurisdictions. The Reserve Bank of India, vide its circular number RBI/2024-2024/97 dated February 12, 2024, imposed restrictions on investments from the investors based in the Financial Action Task Force (FATF) non-compliant jurisdictions. The new restriction contravenes the ... WebJan 22, 2024 · The RBI has proposed to introduce CET 1 for NBFC-UL, at 9 per cent. Similarly, NBFCs in the upper layer will also have to comply with the leverage requirement. Under Basel III, the leverage ratio ... chinese bulldog for sale