Search For "banking regulation"
RBI gives approval to Japan's SMBC for setting up Wholly Owned Subsidiary
Updated : 4 months, 3 weeks ago IST
SMBC is currently carrying on banking business in India in branch mode through its four branches located in New Delhi, Mumbai, Chennai and Bengaluru. The 'in-principle' approval has been granted to the bank for setting up a WOS through conversion of its existing branches in India, RBI said i
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Delhi HC Division Bench stays single judge's order mandating human review
Updated : 5 months ago IST
The interim stay was granted during the hearing of an appeal filed by the RBI challenging the directions issued by the single judge. The matter has now been listed for further hearing on March 17.
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RBI to study SEBI proposal on banks' foray into non-Agri derivatives: Gove
Updated : 6 months ago IST
Reserve Bank of India Governor Sanjay Malhotra on Friday said the central bank will study the pros and cons of the markets regulator Securities and Exchange Board of India's (SEBI) proposal that observed that the banks be allowed to foray into non-agricultural derivatives.
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RBI issues 244 issues Master Directions, consolidating over 9,000 circular
Updated : 6 months, 1 week ago IST
This exercise, according to RBI, is expected to enhance clarity, ease of access, and reduce compliance burden for REs, thereby supporting the broader objective of improving ease of doing business.
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Reserve Bank focuses more on outlook than current data for monetary policy
Updated : 10 months ago IST
RBI Governor, Sanjay Malhotra in his address at the Financial Express BFSI Summit highlighted that the central bank's monetary policies are forward-looking and the Monetary Policy Committee of India (MPC) will focus more on outlook than current data.
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RBI announces six key measures to strengthen India's banking, fintech, pay
Updated : 1 year, 2 months ago IST
In a move to strengthen India's financial ecosystem, Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday announced six additional measures focused on banking regulation, fintech, and payment systems.
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This particular Banking Laws bill is "unique," says FM Sitharaman as Parli
Updated : 1 year, 2 months ago IST
Parliament on Wednesday approved the Banking Laws (Amendment) Bill, which will bring major changes in banking regulations in the country.
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Budget Session will have several key economic and policy bills to shape In
Updated : 1 year, 4 months ago IST
A series of important bills are likely to be taken up during the session. These include the Banking Laws (Amendment) Bill, 2024, aimed at strengthening banking regulations and oversight, and the Railways (Amendment) Bill, 2024, which focuses on enhancing the operational efficiency of the Ind
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FM Nirmala Sitharaman to move Banking Laws (Amendment) Bill in Lok Sabha t
Updated : 1 year, 6 months ago IST
As per the schedule issued by the secretariat, Sitharaman is expected to move the Bill further to amend the Reserve Bank of India Act, 1934, the Banking Regulation Act, 1949, the State Bank of India Act, 1955, the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and
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Brankas Launches Integrated APAC Open Banking Compliance Solution with ADV
Updated : 1 year, 7 months ago IST
Singapore, November 7: At the Singapore Fintech Festival 2024, Brankas today announced its open banking compliance solution now comes fully integrated with an API suite and ADVANCE.AI's eKYC technology. Banks that are required to meet open banking regulations such as BI-SNAP in Indonesia can
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Finance Minister introduces Banking Laws (Amendment) Bill in Lok Sabha
Updated : 1 year, 10 months ago IST
The bill provides for amending the Reserve Bank of India Act, 1934, Banking Regulation Act 1949, State Bank of India Act, 1955, Banking Companies (Acquisition and Transfer of Undertakings) Act 1970, and Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980.
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Nirmala Sitharaman to introduce new bills to amend banking laws in Lok Sab
Updated : 1 year, 10 months ago IST
As the Parliament convenes for the ongoing Budget Session on Friday, Union Finance Minister Nirmala Sitharaman will introduce new Bills including the Banking Laws (Amendment) Bill, 2024 to amend the Reserve Bank of India Act, the Banking Regulation Act and the State Bank of India Act among o
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