This content provides a concise overview of recent developments in the financial and banking industry.

The article provides key takeaways and insights from the weekly updates of this week.

Weekly Round-up | Updates 1. INDIA 1.1. RBI issued amendments to the Master Directions on Know Your Customer(KYC)-Instruction on Wire...

Weekly Round-up | Updates 1. INDIA 1.1. Provisioning for standard assets by primary (Urban co-operative banks – revised norms under a...

Weekly Round-up | Updates 1. INDIA 1.1. RBI releases Master Circular- Prudential Norms on Capital Adequacy - Primary (Urban)...

Weekly Round-up | Updates 1. INDIA 1.1. Exclusion of “Abu Dhabi Commercial Bank PJSC” from the Second Schedule to the Reserve Bank of...

Weekly Round-up | Updates 1. India 1.1. Annual Closing of Government Accounts – Transactions of Central / State Governments – Special...

Weekly Round-up | Updates 1. INDIA 1.1. RBI shares an update on the reporting and accounting of Central Government transactions for...

Weekly Round-Up | Updates 1. INDIA 1.1. RBI issues directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949...

Weekly Round-Up | Updates 1. INDIA 1.1RBI advises Regulated Entities about the Designation of 1 individual and 2 organisations under...

Weekly Round-Up | Updates 1. India 1.1 RBI updates the Reserve Bank of India (Financial Statements – Presentation and Disclosures)...

Weekly Round-Up | Updates 1. INDIA 1.1 Introduction of transaction code under the Foreign Contribution (Regulation) Act (FCRA) in NEFT...

Weekly Round-Up | Updates 1. INDIA 1.1 Revised rate of standing liquidity facility for primary dealers The Monetary Policy Committee...

Weekly Round-Up | Updates 1. INDIA 1.1 Government of India issues notification on premature redemption under the Sovereign Gold Bond...

Weekly Round-Up | Updates 1. INDIA 1.1 RBI extends the time for renewal of agreements for existing Safe Deposit Locker/Safe Custody...

Weekly Round-Up | Updates 1. INDIA 1.1 Master Direction – Reserve Bank of India (Acquisition and Holding of Shares or Voting Rights in...

1. INDIA 1.1 Reserve Bank of India (‘RBI’) Imposed penalties on the following four banks: 1.2 Dr Michael Debabrata Patra has been...

1. INDIA 1.1 RBI rationalizes reporting of Foreign Investment in Single Master Form (SMF) on FIRMS Portal Reserve Bank of India (RBI)...

1. INDIA 1.1 RBI launches Utkarsh 2.0 – Medium Term Strategy Framework Reserve Bank of India launched Utkarsh 2.0 which is RBI’s...

1. INDIA 1.1. Reserve Bank of India (“RBI”) updated Master Direction – Opening and Maintenance of Rupee/Foreign Currency Vostro Accounts...