The central bank modified the norms to standardise the filing of supervisory returns by banks and NBFCs to bring clarity, brevity and harmonisation to the instructions issued to various supervised entities for return submission.
India Data Protection Updates for 2023 and Predictions for 2024 natlawreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from natlawreview.com Daily Mail and Mail on Sunday newspapers.
“The review brought out that automation of the compliance monitoring process in SEs (supervised entities) remains a work in progress with various aspects of this function being carried out with significant manual intervention,” the RBI said on Wednesday.
ICRA revises up bank credit growth estimate to 15% from 13% for FY24 thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
The highest mobilisation in 2023 came from All-India Financial Institutions and banks, accounting for ₹4.71 trillion, reflecting a 29 percent increase from the previous year’s ₹3.66 trillion.