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RBI directs Banks to put in place systems for Automation of Income Recognition, Asset Classification and Provisioning
The Reserve Bank of India (RBI) on Monday has directed banks to introduce an automated IT-based system for asset classification and provisioning. ...
![Govt. to Levy 5% TCS on Foreign Remittances from October 1 [Read Act]](https://www.taxscan.in/wp-content/uploads/2020/09/TCS-foreign-remittances-taxscan.jpeg "Govt. to Levy 5% TCS on Foreign Remittances from October 1 [Read Act]")
![RBI releases Expert Committee Report on Resolution Framework for COVID-19 related stress [Read Report]](https://www.taxscan.in/wp-content/uploads/2020/09/COVID-19-RBI-Resolution-Framework-expert-committee-report-Taxscan.jpg "RBI releases Expert Committee Report on Resolution Framework for COVID-19 related stress [Read Report]")
![SEBI notifies New Provisions of Trigger date for the purpose of Creation of Segregated Portfolio [Read Circular]](https://www.taxscan.in/wp-content/uploads/2020/09/SEB-portfolio-taxscan.jpg "SEBI notifies New Provisions of Trigger date for the purpose of Creation of Segregated Portfolio [Read Circular]")
![RBI allows Banks to acquire and hold SLR securities issued on or after Sep 1 [Read Circular]](https://www.taxscan.in/wp-content/uploads/2020/09/RBI-Banks-SLR-securities-Taxscan.jpg "RBI allows Banks to acquire and hold SLR securities issued on or after Sep 1 [Read Circular]")
RBI directs Banks to make detailed Board approved policy on methodology and periodicity for review/renewal of Credit facilities [Read Circular]
The Reserve Bank of India (RBI) has directed to make detailed Board approved policy on methodology and periodicity for review/renewal of credit facilities on ad-hoc/short review/renewal of credit...
![RBI directs Banks to make detailed Board approved policy on methodology and periodicity for review/renewal of Credit facilities [Read Circular]](https://www.taxscan.in/wp-content/uploads/2020/08/RBI-methodology-periodicity-credit-facilities-Taxscan.jpg "RBI directs Banks to make detailed Board approved policy on methodology and periodicity for review/renewal of Credit facilities [Read Circular]")
![RBI clarifies New criteria for classifying MSME [Read Circular]](https://www.taxscan.in/wp-content/uploads/2020/08/RBI-MSME-Taxscan.jpg "RBI clarifies New criteria for classifying MSME [Read Circular]")
![RBI eases regulations for Export and Import of Currency [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/08/RBI-Foreign-Exchange-Management-Taxscan.jpg "RBI eases regulations for Export and Import of Currency [Read Notification]")
