Category: RBI

RBi’s Direction on Peer to Peer Lending Platforms

What is Peer to Peer Lend­ing Plat form: Peer-to-peer lend­ing (P2P lend­ing) is also known as Crowd Lend­ing. Its is a way of prac­tice of lend­ing mon­ey to indi­vid­u­als or busi­ness­es most­ly through online ser­vices that match lenders with bor­row­ers. Its basi­cal­ly a match…

Do not Inscribe on Bank Notes: RBI

It has been brought to the notice of Reserve Bank of India that mem­bers of pub­lic and insti­tu­tions write num­ber, name or mes­sages, etc. on the water­mark win­dow of ban­knotes, thus defac­ing the ban­knotes. The water­mark win­dow has an impor­tant…

Deposits placed with NABARD/SIDBI/NHB for meeting shortfall in Priority Sector Lending by Banks-Reporting in Balance Sheet

Deposits placed with NABARD/SIDBI/NHB for meet­ing short­fall in Pri­or­i­ty Sec­tor Lend­ing by Banks-Report­ing in Bal­ance Sheet Please refer to para 2.1 (v) of our cir­cu­lar DBR.No.BP.BC.6/21.04.141/2015–16 dat­ed July 1, 2015 — Mas­ter Cir­cu­lar: Pru­den­tial Norms for Clas­si­fi­ca­tion, Val­u­a­tion and Oper­a­tion…

Prior approval of RBI is required in cases of acquisition/ transfer of control of Non-Banking Financial Companies (NBFCs)

Please refer to DNBS (PD) CC.No.376/03.10.001/2013–14 and Noti­fi­ca­tion No. DNBS(PD) 275/GM(AM)-2014 dat­ed May 26, 2014 on the ‘Non-Bank­ing Finan­cial Com­pa­nies (Approval of Acqui­si­tion or Trans­fer of Con­trol) Direc­tions, 2014’. The Reserve Bank has decid­ed to review the above men­tioned direc­tions…

Updated Master Circulars of Issued by RBI

Sl No Mas­ter Cir­cu­lars 1 Mas­ter Cir­cu­lar — Cap­i­tal Ade­qua­cy Stan­dards and Risk Man­age­ment Guide­lines for Stand­alone Pri­ma­ry Deal­ers 2 Mas­ter Cir­cu­lar – ‘Know Your Cus­tomer’ (KYC) Guide­lines – Anti Mon­ey Laun­der­ing Stan­dards (AML) — ‘Pre­ven­tion of Mon­ey Laun­der­ing Act,…