Master Direction on Outsourcing of Information Technology Services
The underlying principle of these directions is to ensure that outsourcing arrangements neither diminish Regulated Entities (REs) ability to fulfil its obligations to customers nor impede effective supervision by the RBI.
Simplified Registration of Core Investment Companies
the RBI has revamped the application form for for registration as Core Investment Companies to make it structured and aligned with the extant CIC regulations. The RBI has provided the revised application form together with an indicative list of documents/information to be furnished along with the application.
Monetary Policy Report, April 2023
The Report highlights key developments since the September 2022 MPR. It also provides an outlook for inflation and an outlook for growth.
Facilities in IFSC
IFSCA has directed heads of the banking units of Indian banks to undertake structured sensitisation programmes for staff of the AD branches of your bank to make them aware of the legal and regulatory status of IBUs.
Mahila Samman Savings Certificates, 2023
The two year tenure scheme offers an attractive and fixed interest of 7.5 per cent interest compounded quarterly with flexible investment and partial withdrawal options with a maximum ceiling of ₹ two lakh. The scheme is valid for a two-year period up to 31st March 2025.
Clarification regarding the Standing Liquidity Facility for Standalone Primary Dealers
On a review of current and evolving liquidity conditions, the Reserve Bank of India has decided that an additional amount of ₹5,000 crore will be made available under the Standing Liquidity Facility for standalone primary dealers on March 31, 2023 at the prevailing repo rate.
RBI lays the Foundation Stone of a ‘New Greenfield Data Centre’ and ‘Enterprise Computing & Cybersecurity Training Institute’
On this occasion the Governor highlighted the need for augmenting the existing computing infrastructure of the RBI supported by cutting edge facilities for research and capacity building in emerging areas straddling central banking, technology and cybersecurity for a future ready RBI.
IRDAI amends Master Guidelines on AML/CFT
The Master Circular now defines “Politically Exposed Persons (PEPs)” and assigns them the meaning as per the Prevention of Money Laundering (Maintenance of Records) Rules, 2005. Further, the present Circular directs the insurers to take note of the amendments notified to PML Rules and take necessary steps to implement the same.
NSE Revises list of Approved Securities and Approved Banks in Futures and Options Segment
The Circular, inter alia, stipulates for market wide applicable limit, member security specific limits and applicable haircut rates for each of the securities.
NSE Revises list of Approved Securities and Approved Banks in Commodity Derivatives Segment
The revised list of approved securities, GOI securities, open ended mutual funds, corporate bonds and list of approved banks for issuance of bank guarantees (BG)/fixed deposit receipts (FDR) comprises 7 annexures enumerated in the Circular.
