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RBI IMPOSES CURBS ON BANDHAN BANK

BE/RBI NOTE/42/2018 Bandhan Bank was unable to bring down the promoter share holding to 40 per cent from 82.28 per cent which was a pre-set condition while issuing a license to the bank. Due to the above noncompliance RBI has barred Bandhan Bank from opening new branches. Also, RBI issued orders to freeze the remuneration

RBI IMPOSES CURBS ON BANDHAN BANK

BE/RBI NOTE/42/2018 Bandhan Bank was unable to bring down the promoter share holding to 40 per cent from 82.28 per cent which was a pre-set condition while issuing a license to the bank. Due to the above noncompliance RBI has barred Bandhan Bank from opening new branches. Also, RBI issued orders to freeze the remuneration

Banks SLR Norms Eased

BE/RBI NOTE/41/2018 The high liquidity crisis has forced RBI to ease out the SLR norms for banks.  The liquidity deficit in the banking sector has crossed Rs. 1 lakh crore, and RBI now permits Banks to use a bigger share of their Statutory Liquidity reserves. Under this notification, RBI makes it clear that Banks can

Banks SLR Norms Eased

BE/RBI NOTE/41/2018 The high liquidity crisis has forced RBI to ease out the SLR norms for banks.  The liquidity deficit in the banking sector has crossed Rs. 1 lakh crore, and RBI now permits Banks to use a bigger share of their Statutory Liquidity reserves. Under this notification, RBI makes it clear that Banks can

Banks’ Joint Priority Sector Lending with NBFCs

BE/RBI NOTE/40/2018 RBI has allowed joint lending to push priority sector loans and to reap the benefit of the strengths of two sets of lenders. On Friday the 21st September 2018, it has set the rules and regulations for this new concept.  It further states The Banks should share a maximum 80% credit risk when

Banks’ Joint Priority Sector Lending with NBFCs

BE/RBI NOTE/40/2018 RBI has allowed joint lending to push priority sector loans and to reap the benefit of the strengths of two sets of lenders. On Friday the 21st September 2018, it has set the rules and regulations for this new concept.  It further states The Banks should share a maximum 80% credit risk when

PAYMENT BANKS’ PRIVACY RULES

BE/RBI NOTE/39/2018 Payment Banks and Companies have only a few weeks left to comply with Reserve Bank of India guidelines in complying with the KYC guidelines.  It involves Compulsory storage of data within the country only As of now data is in all forms which calls for a debate across and protection is needed Consumer

PAYMENT BANKS’ PRIVACY RULES

BE/RBI NOTE/39/2018 Payment Banks and Companies have only a few weeks left to comply with Reserve Bank of India guidelines in complying with the KYC guidelines.  It involves Compulsory storage of data within the country only As of now data is in all forms which calls for a debate across and protection is needed Consumer

May the Wallet users beware of

BE/RBI NOTE/38/2018 Mobile wallet companies submit monthly status reports to RBI.  This is being closely watched and monitored by Reserve Bank of India. RBI checks as to how many wallet users have created and how many of them have completed authentication or Know Your Customer formalities in line with the RBI directives. In an ecosystem

May the Wallet users beware of

BE/RBI NOTE/38/2018 Mobile wallet companies submit monthly status reports to RBI.  This is being closely watched and monitored by Reserve Bank of India. RBI checks as to how many wallet users have created and how many of them have completed authentication or Know Your Customer formalities in line with the RBI directives. In an ecosystem