New bank money transfer rules from November 1, 2024: All …
Jul 26, 2024 · The Reserve Bank of India (RBI) recently issued a new framework on Domestic Money Transfer (DMT) for regulated firms, making stricter Know Your Customer (KYC) record standards, focusing on banking services, payment systems. The new guidelines will come into effect from November 1, 2024.
Notifications - Reserve Bank of India
Apr 15, 2024 · As announced in the Statement on Developmental and Regulatory Policies dated February 8, 2024, it has been decided to harmonize the instructions on the subject.
Draft Notifications/Guidelines - Reserve Bank of India
May 3, 2024 · RBI releases draft circular on ‘Review of regulatory framework for Housing Finance Companies (HFCs) and harmonisation of regulations applicable to HFCs and Non-Banking Finance Companies (NBFCs)’ 322 kb
Penal charge, interest on your loan? New RBI rules from …
Apr 2, 2024 · RBI introduces new rules on penal charges and interest, effective April 1, to prevent extra charges on loan accounts. The guidelines aim to promote responsible credit behavior, distinguish between fixed charges and additional interest, and ensure uniform penalties for …
Notifications - Reserve Bank of India
Aug 22, 2022 · Some of the significant changes brought about through the new rules and regulations are summarised below: (i) enhanced clarity with respect to various definitions; (ii) introduction of the concept of “strategic sector”;
New RBI rules to regulate penal charges on loans from …
Aug 18, 2023 · RBI issues guidelines for penal charges in loan accounts to ensure transparency and credit discipline. The new rules will be effective from January 1, 2024.
New RBI rules on penal charges on loans: Will there be …
Jan 16, 2024 · The Reserve Bank extended the new rules on loan account penalty charges to banks and non-bank financial companies (NBFCs) for three more months, until April 1, 2024, as part of fair lending practice.
RBI tightens norms for personal loans, credit cards
Nov 16, 2023 · The RBI increased the risk weights for banks and NBFCs - or the capital that banks need to set aside for every loan - by 25 percentage points to 125% on retail loans, it said in a release.
RBI proposes stricter liquidity norms for banks: What it means
Jul 26, 2024 · The Reserve Bank of India (RBI) has unveiled draft guidelines that propose tightening liquidity coverage ratios (LCR) for banks. This is aimed at managing the risks associated with increased digital banking activities.
RBI updates credit and debit card rules; here’s what it …
Mar 8, 2024 · New credit and debit card rules: The Reserve Bank of India (RBI) has recently made amendments to the regulations governing credit and debit cards, effective from March 7, 2024.
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