WebSep 28, 2024 · The Reserve Bank issued master direction on transfer of loan on September 24, 2024. The new mandate necessitates the requirement for banks and other lending entities to put in place a comprehensive and board approved policy for loan transfer transactions. As per the RBI, the provisions of this direction on rules for loan transfer shall … WebJun 9, 2024 · Accordingly, NBFCs may place these directions before the Board, together with a gap-analysis vis-a-vis the Master Direction and the proposed action by September 30, …
RBI releases guidelines for outsourcing of IT services by banks, NBFCs
WebApr 13, 2024 · It will be relevant to note here that in the Master Direction – Information Technology Framework for the NBFC Sector (‘IT Directions’) which is the present governing law for the outsourcing of IT Services by NBFCs, the applicability is based on the asset size of the NBFC i.e. if the asset size of the NBFC is above Rs. 500 crores the IT Outsourcing … WebApr 10, 2024 · In its 'Master Direction on Outsourcing of Information Technology Services', RBI said that Regulated Entities (REs) have been extensively leveraging IT and IT-enabled Services (ITeS) to support ... shivers dryer you tube
RBI regulates outsourcing of IT Services by financial entities
Web1 day ago · RBI recently issued Reserve Bank of India (Outsourcing of Information Technology Services) Directions, 2024 on 10th April 2024 and same will come into effect … WebMay 27, 2024 · In format as given in Annex V for Master Direction. 18: Quarterly statement to RBI on change of directors, and a certificate from the Managing Director of the applicable NBFC that fit and proper criteria in selection of the directors has been followed: 72 of Master Direction: The statement must be sent 15 days of the close of the respective ... WebJun 9, 2024 · A A. For the purpose of enabling the Reserve Bank of India (RBI) to regulate the credit system of the country to its advantage, the RBI has issued Master Directions - … shivers down your spine imdb