https://www.taxtmi.com/news?id=27977 The RBI draft circular revises permissible forms of business and prudential investment rules: core banking functions must be departmental, ring fenced activities must be undertaken through a single group entity, and prior board, risk committee and Reserve Bank approvals are required for certain activities and new group arrangements. It prescribes investment ceilings tied to paid up capital and reserves, caps on shareholdings in NBFCs, non financial companies, ARCs and AIFs, conditions and exemptions to prior approval for investments below specified thresholds, mandatory breach reporting, and ICAAP based capital assessment and group capital management obligations. en-us Mon, 07 Oct 2024 09:58:43 +0530 Wed, 11 Feb 2026 16:00:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=27977 The RBI draft circular revises permissible forms of business and prudential investment rules: core banking functions must be departmental, ring fenced activities must be undertaken through a single group entity, and prior board, risk committee and Reserve Bank approvals are required for certain activities and new group arrangements. It prescribes investment ceilings tied to paid up capital and reserves, caps on shareholdings in NBFCs, non financial companies, ARCs and AIFs, conditions and exemptions to prior approval for investments below specified thresholds, mandatory breach reporting, and ICAAP based capital assessment and group capital management obligations. News - Mon, 07 Oct 2024 09:58:43 +0530 https://www.taxtmi.com/news?id=27977