Manisha Shroff

1 month ago | lexology.com | Manisha Shroff |Arijit Sarkar |Shubha Ojha

Introduction Amidst the economic slowdown, Reserve Bank of India (RBI), in its recent move to bolster and augment credit flow to the retail segment involving microfinance institutions and non-banking financial companies (NBFCs), has undertaken revision of the risk weights of certain bank loans to microfinance institutions and NBFCs, post holding consultations with NBFCs and banks in terms of: (i) the RBI Notification No. RBI/2024-25/119DOR.CRE.REC.63/21.06.001/2024-25 on Review of Risk...

Jul 30, 2024 | mondaq.com | Manisha Shroff

On 3 May 2024, the Reserve Bank of India (RBI) released draft regulatory guidelines, titled 'Draft Prudential Framework for Income Recognition, Asset Classification and Provisioning pertaining to Advances - Projects Under Implementation, Directions, 2024' (Draft Framework). The Draft Framework applies to all commercial banks, non-banking financial Companies, urban cooperative banks, and financial institutions like NABARD and National Housing Bank.