Category: Economy Institutions
Credit Rating Agencies
New SEBI Guidelines for Credit Rating Agencies (CRAs) issued under SEBI Act (1992) and Regulation 20 of CRA Regulations.
Project Nexus
Reserve Bank of India (RBI) joins Project Nexus to enable instant cross-border retail payments.
National Financial Reporting Authority (NFRA)
National Financial Reporting Authority is planning to increase the number of audit firms it inspects annually.
Insolvency and Bankruptcy Board of India (IBBI)
IBBI issues new guidelines to streamline the process of appointing Insolvency Professionals (IPs) as resolution professionals.
Monetary Policy Committee
RBI Monetary Policy Committee (MPC) keeps the Repo rate unchanged
Asset Reconstruction Companies
RBI highlighted concerns over functioning of Asset Reconstruction Companies (ARCs)
New alert indicators under PMLA
India’s financial intelligence unit issued new alert indicators under PMLA for various sectors to combat money laundering and terrorism financing.
National Bank for Agriculture and Rural Development (NABARD)
NABARD has sanctioned a study on the impact evaluation of Geographical Indication (GI) products.
Small Finance Bank (SFB)
RBI sets Eligibility Criteria for SFB to transit into Universal banking under on-tap licensing.
Insurance Regulatory and Development Authority of India (IRDAI)
IRDAI celebrated its 25th Anniversary
Self Regulatory Organisations
Reserve Bank of India (RBI) finalised the Omnibus Framework for recognising Self-Regulatory Organisations (SROs) for Regulated Entities (REs)