WebJan 8, 2024 · With the BFSI sector moving largely towards a paperless system, the RBI has initiated an IT reform specifically for this sector. The RBI has created an Information Technology (IT) subsidiary for ... WebMay 11, 2024 · This year on 10th May 2024, RBI has again amended this regulation to simplify and rationalise the process of periodic updation of KYC. Below are the major points that are laid down as an amendment to sec 18 of VCIP. REs may undertake V-CIP to carry out: CDD in case of new customer on-boarding for individual customers, proprietor in case …
IDBI Bank Out of PCA framework: RBI Announced, Check Details …
WebApr 10, 2024 · On governance framework, RBI said a RE intending to outsource any of its IT activities should have a comprehensive board-approved IT outsourcing policy. WebDec 22, 2024 · Conditions stated as per the new RBI framework for MSMEs. For availing the benefits of the new RBI Framework 2.0 for MSMEs, the conditions needed to be fulfilled areas –. As per the Gazette Notification S.O. 2119 (E) June 26, 2024, the borrower must be classified into a Micro, Small, or Medium Enterprise as of March 31, 2024. dundee repertory theatre trading
Revised Framework for Core Investment Companies – Tightening the Screws …
WebApr 11, 2024 · Reserve Bank of India has notified a framework for raising green deposits by banks, small finance banks and deposit taking non banking finance companies (NBFCs).The money raised from green deposits should be used for renewable energy projects, clean transportation, sustainable water and waste management, pollution prevention and … WebConsidering the vital role played by this sector, and their increasing reliance on Information Systems/Technology for service delivery, RBI has issued an IT Framework for NBFC sector. The IT framework focuses on IT Governance, IT Policy, Information & Cyber Security, IT Operations, IS Audit, Business Continuity Planning and IT Services Outsourcing. WebAug 19, 2024 · The Reserve Bank of India (“ RBI ”) has modified the regulatory landscape applicable to core investment companies ( “CICs” ), as per its circular dated August 13, 2024 (“ Revised Framework ”), in order to ensure stability of the financial system and address systemic risks posed by inter-connectedness of CICs and their group companies. dundee repertory theatre restaurant