RBI invites comments on draft Master Direction on Managing Risks and Code of Conduct in Outsourcing of Financial Services

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The Reserve Bank of India has today placed on its website the draft Master Direction on Managing Risks and Code of Conduct in Outsourcing of Financial Services. Comments / Feedback, if any, may be sent by email with the subject line “Comments on draft Master Direction on Managing Risks and Code of Conduct in Outsourcing

Continue ReadingRBI invites comments on draft Master Direction on Managing Risks and Code of Conduct in Outsourcing of Financial Services

Review of Instructions on Bulk Deposits for Regional Rural Banks (RRBs)

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RBI/2023-24/75 DoR.SPE.REC.50/13.03.00/2023-2024 October 26, 2023 All Regional Rural Banks Sir / Madam, Review of Instructions on Bulk Deposits for Regional Rural Banks (RRBs) Please refer to Para 3 (a) (i) of Master Direction - Reserve Bank of India (Interest Rate on Deposits) Directions, 2016 dated March 3, 2016, in terms of which “Bulk Deposit” means:

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Non-Callable Deposits – Master Direction on Interest Rate on Deposits

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RBI/2023-24/74 DOR.SPE. REC. No 51/13.03.000/2023-24 October 26, 2023 Non-Callable Deposits - Master Direction on Interest Rate on Deposits Please refer to the instructions contained in Section 7 of the Master Direction (MD) on Interest Rate on Deposits dated March 03, 2016 and Master Direction - Reserve Bank of India (Co-operative Banks - Interest Rate on

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Strengthening of customer service rendered by Credit Information Companies and Credit Institutions

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RBI/2023-24/73 DoR.FIN.REC.49/20.16.003/2023-24 October 26, 2023 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks, and excluding Payments Banks) All Primary (Urban) Co-operative Banks/ State Co-operative Banks/ Central Co-operative Banks All Non-Banking Financial Companies (including Housing Finance Companies) All-India Financial Institutions (Exim Bank, NABARD, NHB, SIDBI and NaBFID) All Asset Reconstructions

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Framework for compensation to customers for delayed updation/ rectification of credit information

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RBI/2023-24/72 DoR.FIN.REC.48/20.16.003/2023-24 October 26, 2023 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks, and excluding Payments Banks)All Primary (Urban) Co-operative Banks/ State Co-operative Banks/ Central Co-operative BanksAll Non-Banking Financial Companies (including Housing Finance Companies)All-India Financial Institutions (Exim Bank, NABARD, NHB, SIDBI and NaBFID)All Asset Reconstruction CompaniesAll Credit Information Companies

Continue ReadingFramework for compensation to customers for delayed updation/ rectification of credit information