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Updates For the Day: August 7, 2020
Stock exchange subsidiaries authorized to administer and supervise IAs
August 7, 2020
The wholly owned subsidiaries of stock exchange is authorized by SEBI to supervise IAs, including...
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RBI Revises instructions on opening of current account by banks
August 7, 2020
No bank shall open current accounts for customers who have availed credit facilities in the...
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RBI permits pilot scheme to provide offline payment using cards, wallets mobile, etc
August 7, 2020
under the pilot scheme, authorized Payment System Operators will be able to provide offline payment...
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RBI announces online dispute resolution system for digital payments
August 7, 2020
RBI has directed the payment System Operators (PSOs) and their participants to implement an ODR...
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RBI enhances Loan To Value ratio from 75% to 90%
August 7, 2020
The enhanced LTV ratio will be applicable up to 31st March 2021 to enable the...
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RBI issues Resolution Framework for COVID-19 related stress
August 7, 2020
The Prudential Framework provides a window for lenders to implement a viable resolution plan in...
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RBI extends Scheme of Restructuring of Advances for MSME Sector
August 7, 2020
Existing ‘standard’ loans to MSMEs must be restructured without a downgrade in the asset classification,...
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RBI introduces ASISO Facility for end-of-day LAF Operations
August 7, 2020
Banks can set a specific amount or range to maintain as balances at the end...
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Aadhaar Authentication for Good Governance (Social Welfare, Innovation, Knowledge) Rules, 2020
August 7, 2020
The Central Government may allow Aadhaar authentication to The Ministry or the Department of the...
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Government of Andhra Pradesh revises minimum wages for industrial workers
August 7, 2020
The average State Industrial workers Consumer Price Index number in Andhra Pradesh for the half...
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