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AIFIs will be required to maintain a minimum total capital of 9 per cent by April 2024 The RBI has introduced norms on the Basel III capital framework, fund raising, exposure guidelines, and norms on classification and valuation of investment portfolios for All India Financial Institutions (AIFIs), which will come into effect from April 2024.

RBI introduces Basel-III capital framework for All India Financial Institutions

AIFIs will be required to maintain a minimum total capital of 9 per cent by April 2024 The RBI has introduced norms on the Basel III capital framework, fund raising, exposure guidelines, and norms on classification and valuation of investment portfolios for All India Financial Institutions (AIFIs), which will come into effect from April 2024.

An RBI circular that requires lenders to take a quick call on classifying wilful defaulters will also allow borrowers to shake off the tag by entering into a compromise settlement with banks. In June 2023, the central bank, in its circular on compromise settlements, had allowed one-time settlement of wilful defaults only if a higher

RBI may let wilful defaulters shed label after settlement

An RBI circular that requires lenders to take a quick call on classifying wilful defaulters will also allow borrowers to shake off the tag by entering into a compromise settlement with banks. In June 2023, the central bank, in its circular on compromise settlements, had allowed one-time settlement of wilful defaults only if a higher

In its last bi-monthly monetary policy review, the RBI asked Banks to maintain an I-CRR of 10 per cent The Reserve Bank of India (RBI) has decided to discontinue the Incremental Cash Reserve Ratio (I-CRR), which it prescribed as a temporary measure last month to impound Banks’ surplus liquidity, in three stages, beginning September 9,

RBI to discontinue I-CRR in a phased manner

In its last bi-monthly monetary policy review, the RBI asked Banks to maintain an I-CRR of 10 per cent The Reserve Bank of India (RBI) has decided to discontinue the Incremental Cash Reserve Ratio (I-CRR), which it prescribed as a temporary measure last month to impound Banks’ surplus liquidity, in three stages, beginning September 9,

The Reserve Bank of India urged the directors of Urban Co-operative banks to further strengthen governance practices emphasizing the importance of a professional Board of Management as the quality of governance was the most important aspect in ensuring stability of individual banks. The Reserve Bank stressed the need to strengthen the three pillars supporting pillars

Good governance important to ensure stability of urban cooperative banks: RBI governor

The Reserve Bank of India urged the directors of Urban Co-operative banks to further strengthen governance practices emphasizing the importance of a professional Board of Management as the quality of governance was the most important aspect in ensuring stability of individual banks. The Reserve Bank stressed the need to strengthen the three pillars supporting pillars

New UPI features developed by National Payments Corporation of India (NPCI) was launched by the RBI Governor. The product offerings include Credit Line on UPI; UPI Lite X; Tap & Pay; Hello! UPI; and BillPay Connect. The central bank informs that credit lines on UPI to increase access to credit, and promote financial inclusion and innovation through pre-sanctioned

RBI, NPCI introduce credit lines on UPI, conversational payments

New UPI features developed by National Payments Corporation of India (NPCI) was launched by the RBI Governor. The product offerings include Credit Line on UPI; UPI Lite X; Tap & Pay; Hello! UPI; and BillPay Connect. The central bank informs that credit lines on UPI to increase access to credit, and promote financial inclusion and innovation through pre-sanctioned