New Delhi, May 21 (KNN) Markets regulator the Securities and Exchange Board of India (SEBI) has proposed allowing third-party payments in mutual funds under select, well-defined circumstances, marking a significant shift from the current framework that mandates all investments to originate exclusively from an investor’s own bank account. The regulatorContinue Reading
New Delhi, Jun 6 (KNN) The Reserve Bank of India (RBI) has released draft amendment directions proposing to give banks greater flexibility in pricing rupee bulk deposits, while simultaneously tightening transparency and uniformity requirements in the disclosure of deposit interest rates. The draft directions cover commercial banks, small finance banks,Continue Reading
New Delhi, Apr 17 (KNN) Assets of Upper Layer non-banking financial companies (NBFCs) could rise to 70 per cent of the total assets of the sector from 30 per cent now if the Reserve Bank of India (RBI) implements the proposed draft amendments to its Scale-Based Regulation (SBR) framework, CareEdgeContinue Reading
New Delhi, May 4 (KNN) The Reserve Bank of India’s (RBI) final guidelines on shifting to an expected credit loss (ECL) framework are likely to result in a one-time net impact of up to 120 basis points (bps)on banks’ Common Equity Tier-1 (CET-1) ratios, according to Crisil Ratings. However, banksContinue Reading
New Delhi, May 21 (KNN) Stakeholders from the fintech, legal and digital payments sectors have raised concerns that proposed changes to the Reserve Bank of India’s draft framework on Prepaid Payment Instruments (PPIs) could adversely affect more than 110 million Indians who use prepaid wallets for daily transactions. The concernsContinue Reading
New Delhi, Jun 20 (KNN) The Reserve Bank of India (RBI) has exempted banks from maintaining statutory reserve ratios on fresh Non-Resident (External) Rupee (NRE) term deposits of three years or more, mobilised between June 19 and September 30, 2026, as part of its measures to attract foreign capital andContinue Reading
New Delhi, Apr 17 (KNN) The Reserve Bank of India (RBI) has issued the Non-Banking Financial Companies – Branch Authorisation (Amendment) Directions, 2026, introducing changes to norms governing branch expansion by non-banking financial companies (NBFCs). Issued on Wednesday, the revised framework incorporates stakeholder feedback on draft guidelines released earlier thisContinue Reading
