Tally for CAs in Industry Silver Edition (Single User) Tally Renewal (Auditor Edition) Need Tally for Clients? (Tie-up with us!!!)
Open DEMAT Account with in 24 Hrs and start investing now!
Latest Circulars »
Open DEMAT Account in 24 hrs
  RBI imposes monetary penalty on The Mahabaleshwar Urban Cooperative Bank Limited, Mahabaleshwar, Maharashtra
 Reserve Bank of India announces Digital Payments Index (RBI-DPI) for March 2021
 RBI imposes monetary penalty on Alibag Co-operative Urban Bank Limited, Raigad, Maharashtra
 RBI imposes monetary penalty on The Mahabaleshwar Urban Cooperative Bank Limited, Mahabaleshwar, Maharashtra
 RBI Auction of State Government Securities
 RBI launches the 13th round of Survey on Foreign Collaborations in Indian Industry
 Launching of 30th Round of Quarterly Services and Infrastructure Outlook Survey (SIOS)Q2 2021 22
 Central Bank Digital Currency Is This the Future of Money (Keynote address delivered by Shri T Rabi Sankar, Deputy Governor, Reserve Bank of India - July 22, 2021 - at the webinar organised by the Vidhi Centre for Legal Policy, New Delhi)
  RBI announces Second Open Market Purchase of Government of India Securities under G-sec Acquisition Programme (G-SAP 2.0)
 Master Direction Reserve Bank of India [Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR)
  RBI announces Second Open Market Purchase of Government of India Securities under G-sec Acquisition Programme (G-SAP 2.0)

RBI Governor meets MD & CEOs of Non-Banking Financial Company- Micro Finance Institutions (NBFC-MFIs) over Video Conference
May, 05th 2021

Shri Shaktikanta Das, Governor, Reserve Bank of India (RBI) held a meeting with the MD/CEOs of select NBFC-MFIs on May 3, 2021 through video conference. The meeting was attended by Deputy Governors Shri M. K. Jain, Dr. M.D. Patra and a few other senior officials of RBI.

In his opening remarks, the Governor recognised the important role of NBFC-MFIs in making credit accessible at grassroots level. He also emphasised the supervisory expectations in terms of maintaining their business resilience and managing risks prudently. He advised the NBFC-MFIs to pay focussed attention on strict adherence to fair practices code, improve customer grievance redress mechanism and strengthen their IT systems in the interest of the institutions and their customers.

Among other matters, the following issues were discussed in the meeting.

  • Assessment of current economic situation;

  • Credit flows to borrowers of MFIs;

  • Outlook on potential stress on balance sheets of NBFC-MFIs.

  • Liquidity scenario.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/151

Home | About Us | Terms and Conditions | Contact Us
Copyright 2021 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting