Posts In: Banking

RBI addresses the risk management issues in NBFCs; mandates NBFCs with asset size of more than Rs. 50 billion to appoint a Chief Risk Officer

May 20, 2019 Banking, CORP, states 0

The Reserve Bank of India (“RBI”) has, in a notification dated May 16, 2019, directed Non-Banking Financial Institutions (“NBFCs”) with asset size of more than Rs.50...

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SEBI makes it mandatory for Mutual Funds to report Artificial Intelligence (AI) and Machine Learning (ML) applications and systems offered and used by them to AMFI; effective June 2019

May 15, 2019 Banking, CORP, states 0

The Securities and Exchange Board of India (“SEBI”) has in a circular dated 9th May, 2019 issued procedure of Reporting for Artificial Intelligence (“AI”) and Machine...

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SEBI makes it mandatory for Mutual Funds to report Artificial Intelligence (AI) and Machine Learning (ML) applications and systems offered and used by then to AMFI; effective June 2019

May 13, 2019 Banking, CORP, states 0

The Securities and Exchange Board of India (“SEBI”) has in a circular dated 9th May, 2019 issued procedure of Reporting for Artificial Intelligence (“AI”) and Machine...

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Asian Infrastructure Investment Bank, New Development Bank and European Bank for Reconstruction and Development not to be considered as Foreign Source under the Foreign Contribution (Regulation) Act, 2010, says Ministry of Home Affairs

March 12, 2019 Banking, OPS, states 0

In a Notification dated 1st February 2019 the Ministry of Home Affairs has informed that the following international organisations shall not be treated as ‘foreign source’...

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RBI harmonises different categories of NBFCs into one category NBFC Investment and Credit Company; effective 22nd February, 2019

February 26, 2019 Banking, OPS, states 0

The Reserve Bank of India (“RBI”) has issued a circular regarding Harmonisation of different categories of NBFCs on 22nd February, 2019. To provide NBFCs with greater...

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Government of Himachal Pradesh declares the list of Public Holidays for the year 2019

December 19, 2018 Banking, Himachal Pradesh, OPS 0

The General Administrative Department, Himachal Pradesh has declared the list of Public Holidays for the year 2019, for the State, under Section 25 of the...

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Delhi Government declares the list of Public Holidays for the year 2019

The General Administration Department, Delhi has declared the list of public holidays for the year 2019, for the National Capital Territory of Delhi, under Section 25 of...

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Maharashtra Government declares the list of general holidays in addition to the public holidays for the year 2019

December 7, 2018 Banking, Maharashtra, OPS 0

The Government of Maharashtra (“Ministry”) has declared the list of General holidays for the year 2019 under the Negotiable Instruments Act,1881(“N.I Act”), through a notification dated 3rd December,2018....

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