• About Us
  • Contact Us
Thursday, June 8, 2023
  • Login
  • Register
B2B Infomedia
No Result
View All Result
  • Home
  • Fintech
    Gupshup.io enables UPI payments on feature phones; Accelerates financial inclusion for 320 mn feature phones users

    Gupshup.io enables UPI payments on feature phones; Accelerates financial inclusion for 320 mn feature phones users

    Karbon Card, a B2B payment solution provider, has launched the country’s first mobile-based expense management card.

    Karbon Card, a B2B payment solution provider, has launched the country’s first mobile-based expense management card.

    Manappuram Finance launches digital money lending app

    Manappuram Finance launches digital money lending app

    India records over 23 billion digital payments worth Rs 38.3 lakh crore in Q3

    UPI to account for 90% of retail digital payments by 2026-27: PwC India report

    Credit card numbers continue to slip after RBI’s deactivation order

    Google Pay launches RuPay credit cards support on UPI in India

    Paytm launches UPI SDK to enable customers pay directly within the merchant app

    Paytm launches UPI SDK to enable customers pay directly within the merchant app

  • BFSI
    NCUI signs MoU with HCL Foundation for branding support to co-ops

    NCUI signs MoU with HCL Foundation for branding support to co-ops

    RBI’s gold reserve up over 40% in five years

    RBI’s gold reserve up over 40% in five years

    EPFO may hire separate consultants for equity and debt portfolios

    EPFO may hire separate consultants for equity and debt portfolios

    RBI imposes Rs 1.76 crore penalty on Vakrangee for non-compliance with regulations

    Banks reluctant to park funds with RBI despite high liquidity

    Leading NBFCs offer up to 8.84% to attract retail savings

    Rural India throws NBFCs a lifeline in season of lost momentum

    Yes Bank advertising spend to be 30 pc higher in FY24: Official

    Yes Bank aims to expand margins by 100 bps in next 3 years – MD

  • Education
    Increase in SC, ST and OBC students enrolment in higher education institutions: AISHE 2020-21

    30 regional rural banks get education loan cover

    IIM-Sambalpur to launch Delhi campus on Saturday, offer courses for working professionals, entrepreneurs

    IIM-Sambalpur to launch Delhi campus on Saturday, offer courses for working professionals, entrepreneurs

    Entry of foreign varsities in India will lead to healthy competition: Private Universities’ VCs

    Edtech company LawSikho’s revenue doubles in Fy23, adds new vertical

    Indian Institute of Management Sirmaur (IIMS) collaborates with top French universities to launch two Executive MBA programs for professionals

    Indian Institute of Management Sirmaur (IIMS) collaborates with top French universities to launch two Executive MBA programs for professionals

    Education and the future of generative AI

    Education and the future of generative AI

    IIT Madras introduces online MTech course for working professionals

    IITs focus more on mental health as suicides rise

  • Enterprise
    RBI’s gold reserve up over 40% in five years

    RBI’s gold reserve up over 40% in five years

    Leading NBFCs offer up to 8.84% to attract retail savings

    Rural India throws NBFCs a lifeline in season of lost momentum

    Yes Bank advertising spend to be 30 pc higher in FY24: Official

    Yes Bank aims to expand margins by 100 bps in next 3 years – MD

    First time in many years, fixed deposit rates turn positive at 8%

    Bank loan rates drop in April, a first in 11 months

    SBI sees 14%-15% corporate credit growth in FY23

    Transfer of Sahara Life business unlikely to impact SBI Life’s balance sheet

    Indian Overseas Bank elevates Ajay Kumar Srivastava as its MD & CEO

    IOB-led lenders group puts Sion Panvel Tollways’ ₹862-cr bad loan on sale

  • Technology
    Entry of foreign varsities in India will lead to healthy competition: Private Universities’ VCs

    Edtech company LawSikho’s revenue doubles in Fy23, adds new vertical

    5 more banks to join digital rupee pilot in 9 more cities soon

    India’s e-rupee unpopular as central banks push digital currency

    MeitY may soon integrate ChatGPT with WhatsApp for key government schemes

    Snapchat to gain a ChatGPT-powered AI chatbot soon

    Elon Musk recruits team to develop OpenAI’s ChatGPT rival

    Elon Musk recruits team to develop OpenAI’s ChatGPT rival

    MeitY may soon integrate ChatGPT with WhatsApp for key government schemes

    ChatGPT as lawyer helps design agency recover $109,500 from client who ghosted

    Uttar Pradesh signs MoU with Tata Technologies to upgrade 150 state-run ITIs to prepare youth for industry 4.0

    Uttar Pradesh signs MoU with Tata Technologies to upgrade 150 state-run ITIs to prepare youth for industry 4.0

  • Events
    • Upcoming Events
    • Past Events
  • Home
  • Fintech
    Gupshup.io enables UPI payments on feature phones; Accelerates financial inclusion for 320 mn feature phones users

    Gupshup.io enables UPI payments on feature phones; Accelerates financial inclusion for 320 mn feature phones users

    Karbon Card, a B2B payment solution provider, has launched the country’s first mobile-based expense management card.

    Karbon Card, a B2B payment solution provider, has launched the country’s first mobile-based expense management card.

    Manappuram Finance launches digital money lending app

    Manappuram Finance launches digital money lending app

    India records over 23 billion digital payments worth Rs 38.3 lakh crore in Q3

    UPI to account for 90% of retail digital payments by 2026-27: PwC India report

    Credit card numbers continue to slip after RBI’s deactivation order

    Google Pay launches RuPay credit cards support on UPI in India

    Paytm launches UPI SDK to enable customers pay directly within the merchant app

    Paytm launches UPI SDK to enable customers pay directly within the merchant app

  • BFSI
    NCUI signs MoU with HCL Foundation for branding support to co-ops

    NCUI signs MoU with HCL Foundation for branding support to co-ops

    RBI’s gold reserve up over 40% in five years

    RBI’s gold reserve up over 40% in five years

    EPFO may hire separate consultants for equity and debt portfolios

    EPFO may hire separate consultants for equity and debt portfolios

    RBI imposes Rs 1.76 crore penalty on Vakrangee for non-compliance with regulations

    Banks reluctant to park funds with RBI despite high liquidity

    Leading NBFCs offer up to 8.84% to attract retail savings

    Rural India throws NBFCs a lifeline in season of lost momentum

    Yes Bank advertising spend to be 30 pc higher in FY24: Official

    Yes Bank aims to expand margins by 100 bps in next 3 years – MD

  • Education
    Increase in SC, ST and OBC students enrolment in higher education institutions: AISHE 2020-21

    30 regional rural banks get education loan cover

    IIM-Sambalpur to launch Delhi campus on Saturday, offer courses for working professionals, entrepreneurs

    IIM-Sambalpur to launch Delhi campus on Saturday, offer courses for working professionals, entrepreneurs

    Entry of foreign varsities in India will lead to healthy competition: Private Universities’ VCs

    Edtech company LawSikho’s revenue doubles in Fy23, adds new vertical

    Indian Institute of Management Sirmaur (IIMS) collaborates with top French universities to launch two Executive MBA programs for professionals

    Indian Institute of Management Sirmaur (IIMS) collaborates with top French universities to launch two Executive MBA programs for professionals

    Education and the future of generative AI

    Education and the future of generative AI

    IIT Madras introduces online MTech course for working professionals

    IITs focus more on mental health as suicides rise

  • Enterprise
    RBI’s gold reserve up over 40% in five years

    RBI’s gold reserve up over 40% in five years

    Leading NBFCs offer up to 8.84% to attract retail savings

    Rural India throws NBFCs a lifeline in season of lost momentum

    Yes Bank advertising spend to be 30 pc higher in FY24: Official

    Yes Bank aims to expand margins by 100 bps in next 3 years – MD

    First time in many years, fixed deposit rates turn positive at 8%

    Bank loan rates drop in April, a first in 11 months

    SBI sees 14%-15% corporate credit growth in FY23

    Transfer of Sahara Life business unlikely to impact SBI Life’s balance sheet

    Indian Overseas Bank elevates Ajay Kumar Srivastava as its MD & CEO

    IOB-led lenders group puts Sion Panvel Tollways’ ₹862-cr bad loan on sale

  • Technology
    Entry of foreign varsities in India will lead to healthy competition: Private Universities’ VCs

    Edtech company LawSikho’s revenue doubles in Fy23, adds new vertical

    5 more banks to join digital rupee pilot in 9 more cities soon

    India’s e-rupee unpopular as central banks push digital currency

    MeitY may soon integrate ChatGPT with WhatsApp for key government schemes

    Snapchat to gain a ChatGPT-powered AI chatbot soon

    Elon Musk recruits team to develop OpenAI’s ChatGPT rival

    Elon Musk recruits team to develop OpenAI’s ChatGPT rival

    MeitY may soon integrate ChatGPT with WhatsApp for key government schemes

    ChatGPT as lawyer helps design agency recover $109,500 from client who ghosted

    Uttar Pradesh signs MoU with Tata Technologies to upgrade 150 state-run ITIs to prepare youth for industry 4.0

    Uttar Pradesh signs MoU with Tata Technologies to upgrade 150 state-run ITIs to prepare youth for industry 4.0

  • Events
    • Upcoming Events
    • Past Events
No Result
View All Result
B2B Infomedia
No Result
View All Result
Home BFSI

Branches of Indian banks in overseas can deal in financial products not permitted in domestic market

Further, the financial products dealt with by the foreign branches and subsidiaries as well as IFSCs will attract prudential norms such as capital adequacy, exposure norms, periodical valuation, and all other applicable norms, the RBI said. "Parent bank shall adhere to more stringent among the host and home regulations in respect of prudential norms," it added.

Prashant Dwivedi by Prashant Dwivedi
December 2, 2022
in BFSI
A A
0
Banks to tap intelligence agencies before loans to ex-defaulters
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

The Reserve Bank on Thursday allowed with certain riders foreign branches and subsidiaries of Indian banks to deal in financial products that are not specifically permitted in the domestic market. On a review, an RBI circular said it was felt that a framework needs to be in place to allow them to undertake activities which are not specifically permitted in the Indian domestic market and also to specify the applicability of these instructions to International Financial Services Centers (IFSCs) in India, including Gujarat International Finance Tec-City (GIFT City).

“The foreign branches/foreign subsidiaries of Indian banks/AIFIs can deal in financial products, including structured financial products, which are not available or are not permitted by the Reserve Bank in the domestic market without prior approval of Reserve Bank…,” it said.

Similar permission has been granted to branches and subsidiaries of Indian banks/All India Financial Institutions (AIFIs) operating in IFSCs including those operating out of GIFT City.

Specifying conditions for dealing in financial products, the RBI said the banks and AIFIs will have to ensure that such branches and subsidiaries do not deal in products linked to Indian Rupee unless specifically permitted by Reserve Bank.

They cannot also accept structured deposits from any Indian resident.

Further, the financial products dealt with by the foreign branches and subsidiaries as well as IFSCs will attract prudential norms such as capital adequacy, exposure norms, periodical valuation, and all other applicable norms, the RBI said.

“Parent bank shall adhere to more stringent among the host and home regulations in respect of prudential norms,” it added.

RBI also said the activities of branches/subsidiaries in foreign jurisdictions and IFSCs would be subject to the laws in India unless specifically exempted by law.

0Like
0Dislike
50% LikesVS
50% Dislikes
Source: Economic Times
Tags: banksdomestic productIFSCsoverseasrbi
Previous Post

RBI comes out with four-tiered regulatory framework for urban cooperative banks

Next Post

Share of loans to industry sector in bank credit declines to 25 per cent

Prashant Dwivedi

Prashant Dwivedi

Related Posts

NCUI signs MoU with HCL Foundation for branding support to co-ops
BFSI

NCUI signs MoU with HCL Foundation for branding support to co-ops

June 8, 2023
RBI’s gold reserve up over 40% in five years
Enterprise

RBI’s gold reserve up over 40% in five years

June 8, 2023
EPFO may hire separate consultants for equity and debt portfolios
BFSI

EPFO may hire separate consultants for equity and debt portfolios

June 8, 2023
Next Post
IRDA directive to shun brokers for gilt trades baffles insurers

Share of loans to industry sector in bank credit declines to 25 per cent

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

14th NBFC & FINTECH CONCLAVE & AWARDS 2023
Subscribe to our Newsletter
johnsmith@example.com

Recent News

NCUI signs MoU with HCL Foundation for branding support to co-ops

NCUI signs MoU with HCL Foundation for branding support to co-ops

June 8, 2023
RBI’s gold reserve up over 40% in five years

RBI’s gold reserve up over 40% in five years

June 8, 2023
EPFO may hire separate consultants for equity and debt portfolios

EPFO may hire separate consultants for equity and debt portfolios

June 8, 2023
RBI imposes Rs 1.76 crore penalty on Vakrangee for non-compliance with regulations

Banks reluctant to park funds with RBI despite high liquidity

June 8, 2023
B2B Infomedia

Be To Be Infomedia Pvt. Ltd. represents the inovative platfrom to the clients and widely recognised as one of the ponier networking platfrom with the team of young, creative, dynamic & dedicated professionals.

Quick Links

  • Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Refund Policy
  • Terms and Conditions

All News

  • BFSI
  • Edtech
  • Education
  • Enterprise
  • Financial Inclusion
  • Fintech
  • Pharma
  • Startup
  • Technology
Subscribe to our Newsletter
johnsmith@example.com
  • About Us
  • Contact Us

© 2022 b2binfomedia - Designed & Maintain by hscreativehub.com.

No Result
View All Result
  • Home
  • About Us
  • Upcoming Events
  • Fintech
  • BFSI
  • Education
  • Technology
  • Startup
  • Enterprise
  • Pharma
  • Contact Us
  • Login
  • Sign Up

© 2022 b2binfomedia - Designed & Maintain by hscreativehub.com.

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In