ARTICLE · 09 OCTOBER 2024

AKP Banking & Finance Digest- October 07, 2024

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The Reserve Bank of India ("RBI") has released a draft circular revising regulations related to permissible forms of business and prudential investment norms for scheduled commercial banks...

IndiaFinance and Banking

1. Regulatory Updates

1.1. India

1.1.1 RBI drafts new business and investment rules for banks

The Reserve Bank of India (“RBI”) has released a draft circular revising regulations related to permissible forms of business and prudential investment norms for scheduled commercial banks and non-banking financial companies (NBFCs). These amendments aim to safeguard core banking activities, streamline risk-bearing business operations, and establish clearer guidelines for group entities. The proposed framework provides banks with greater operational freedom in investment decisions, subject to specific prudential limits and prior approval requirements. The revised regulations will be implemented over two years following the release of the final circular. RBI

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