https://www.taxtmi.com/news?id=21071 The Statement proposes targeted regulatory changes including relaxation of External Commercial Borrowing (ECB) end use restrictions to allow resolution applicants under the Corporate Insolvency Resolution Process to use ECB proceeds for repayment of rupee term loans; revision of the threshold and supervisory recording requirements for bulk deposits; consideration of an Umbrella Organization (UO) for urban cooperative banks; risk weighting of rated bank exposures to NBFCs in line with accredited ratings while retaining uniform treatment for Core Investment Companies; harmonisation of major NBFC categories into a single activity based category; and near term issuance of guidelines for these measures. en-us Thu, 07 Feb 2019 15:16:19 +0530 Thu, 07 Feb 2019 15:16:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21071 The Statement proposes targeted regulatory changes including relaxation of External Commercial Borrowing (ECB) end use restrictions to allow resolution applicants under the Corporate Insolvency Resolution Process to use ECB proceeds for repayment of rupee term loans; revision of the threshold and supervisory recording requirements for bulk deposits; consideration of an Umbrella Organization (UO) for urban cooperative banks; risk weighting of rated bank exposures to NBFCs in line with accredited ratings while retaining uniform treatment for Core Investment Companies; harmonisation of major NBFC categories into a single activity based category; and near term issuance of guidelines for these measures. News - Thu, 07 Feb 2019 15:16:19 +0530 https://www.taxtmi.com/news?id=21071