RBI proposes a few changes for regulatory framework applicable to HFCs
Reserve Bank of India today placed a draft of the changes proposed to be prescribed for HFCs. These are as follows: Classifying HFCs as systemically important (asset size of ₹500 crore & above) and non-systemically important (asset size less than ₹500 crore); Reserve Bank’s directions on Liquidity Risk framework &, LCR, securitisation, etc., for NBFCs,…
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What are the roles of ‘SEBI’ as a capital market regulator?
Updated till December 1, 2023. The Securities and Exchange Board of India (SEBI) was established as the regulator for the Stock and Security market in India under the Securities and Exchange Board of India Act 1992. The main object of SEBI is to protect the interests of investors in securities and promote the development of…
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RBI proposes revision in securitization definition for Sale of Loan Exposures including Standard Assets
Reserve bank of India proposes revision in definition of securitisation and lowered the stake the originating bank or non-banking finance company has to keep in the securitised asset. The Banking Regulator has placed on its website two draft documents for public comments – the ‘Draft Framework for Securitisation of Standard Assets’ and ‘the Draft Comprehensive…
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Interest Subvention Scheme for KCC, Fisheries and Animal Husbandry farmers extended up to August
Updated on June 8, 2020 In view of the extension of moratorium by another three months, i.e., up to August 31, 2020, Government has decided to continue the availability of 2% Interest Subvention and 3% Prompt repayment Incentive (PRI) to farmers for the extended period of repayment up to August 31, 2020, or date of…
Read article RBI sets up Payments Infrastructure Development Fund (PIDF)
The Reserve Bank of India broadcasts the setting up a Payment Infrastructure Development Fund (PIDF) of Rs 500 crore to encourage acquirers to deploy Points of Sale (PoS) infrastructure, both physical as well as digital modes in tier-3 to tier-6 centres and northeastern states. The fund has been created to provide further fillip to digitisation…
Sovereign Gold Bond Scheme 2020-21-Series III being opened for subscription from June 8
Sovereign Gold Bond Scheme 2020-21-Series III will be opened for subscription for the period from June 08, 2020 to June 12, 2020 as per RBI press release today. As per the notification, the issue price of Gold Bond will be ₹4,627/- (Rupees Four Thousand Six Hundred and Twenty Seven only) per gram of gold. The…
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