https://www.taxtmi.com/news?id=22011 Revision of NBFC-MFI eligibility and lending parameters raises borrower income ceilings and individual loan caps to broaden microfinance outreach. Domestic banks may freely quote foreign exchange to non-residents and rupee derivatives with foreign currency settlement will be permitted in IFSCs; Special Non resident Rupee Accounts will be expanded to facilitate rupee denominated external commercial borrowing, trade credit and invoicing. The Reserve Bank will extend round the clock collateralised liquidity support for a 24x7 NEFT, require internal ombudsmen for large non bank PPI issuers, disseminate more granular payment data, create an Acceptance Development Fund, and pilot district level full digital payments enablement. en-us Fri, 04 Oct 2019 14:09:52 +0530 Sat, 23 Nov 2019 13:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22011 Revision of NBFC-MFI eligibility and lending parameters raises borrower income ceilings and individual loan caps to broaden microfinance outreach. Domestic banks may freely quote foreign exchange to non-residents and rupee derivatives with foreign currency settlement will be permitted in IFSCs; Special Non resident Rupee Accounts will be expanded to facilitate rupee denominated external commercial borrowing, trade credit and invoicing. The Reserve Bank will extend round the clock collateralised liquidity support for a 24x7 NEFT, require internal ombudsmen for large non bank PPI issuers, disseminate more granular payment data, create an Acceptance Development Fund, and pilot district level full digital payments enablement. News - Fri, 04 Oct 2019 14:09:52 +0530 https://www.taxtmi.com/news?id=22011