MUMBAI, India, Dec. 5 -- Reserve Bank of India issued the following press release:
The Reserve Bank of India had issued draft circular on 'Forms of Business and Prudential Regulation for Investments' on October 04, 2024, seeking feedback from banks and other stakeholders. The objective of the draft circular was to review regulations on ringfencing of banks' core business from other risk bearing non-core businesses as also to provide level playing field.
2. Feedback received on the draft has been examined and suitably incorporated in the final directions. A statement on the feedback received for the draft circular is provided in the Annex.
3. Accordingly, the Reserve Bank of India has today issued the following five Amendment Directions t...