RBI Issued Directive to All Payment System Providers and Payment System Participants

RBI Issued Directive to All Payment System Providers and Payment System Participants – Restriction on Storage of Actual Card Data [i.e. Card-on-File (CoF)]. NOTIFICATIONS RBI/2022-23/77 CO.DPSS.POLC.No.S-567/02-14-003/2022-2 Reference is invited to Reserve Bank of India (RBI) circulars DPSS.CO.PD.No.1810/02.14.008/ 2019-20 dated March 17, 2020 and CO.DPSS.POLC.No.S33/02-14-008/2020-2021 dated March 31, 2021 on “Guidelines on Regulation of Payment Aggregators and Payment Gateways”, and CO.DPSS.POLC.No.S-516/02-14-003/2021-22 […]

Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs

The Reserve Bank of India (RBI) has introduced Scale Based Regulation (SBR) a Revised Regulatory Framework for Non-Banking Financial Companies NBFCs. These RBI guidelines shall be effective from October 01, 2022 Read the full notification issued by RBI Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs RBI/2021-22/112DOR.CRE.REC.No.60/03.10.001/2021-22 October 22, 2021 All Non-Banking Financial […]