The Inter-operable Regulatory Sandbox (IoRS) provides a common window for innovators to test hybrid financial products/ services falling within the regulatory ambit of more than one financial sector regulator. By eliminating the need to separately engage with different regulators, IoRS simplifies testing processes and fosters innovation in the financial ecosystem.

All loans meeting the eligibility criteria, unless covered by the specific exclusions listed in Paragraph 2 of the Annex to the Resolution Framework subject to the clarification at Sl. No. 2 above fall within the scope of resolution under the framework. These loans, if not falling under any of the categories mentioned in Paragraph 2 of the Annex to the Resolution Framework, is eligible for resolution under Part A of the Annex if they fall within the purview of “personal loans” as defined in the Circular DBR.No.BP.BC.99/08.13.100/2017-18 dated January 4, 2018 on “XBRL Returns – Harmonization of Banking Statistics”, even if they are not explicitly classified as so in any regulatory / supervisory reporting, or under Part B of the Annex otherwise.

ಉತ್ತರ. ಎನ್ಇಎಫ್ಟಿಯು ಎಲೆಕ್ಟ್ರಾನಿಕ್ ಫಂಡ್ ವರ್ಗಾವಣೆಯ ವ್ಯವಸ್ಥೆಯಾಗಿದ್ದು ಇದರಲ್ಲಿ ನಿರ್ದಿಷ್ಟ ಸಮಯದವರೆಗೆ ಪಡೆದ ವಹಿವಾಟುಗಳನ್ನು ಬ್ಯಾಚ್ಗಳಲ್ಲಿ ಪರಿಷ್ಕರಿಸಲಾಗುತ್ತದೆ. ಇದಕ್ಕೆ ಪ್ರತಿಕೂಲವಾಗಿ ಆರ್ಟಿಜಿಎಸ್ನಲ್ಲಿ , ಆರ್ಟಟಿಜಿಎಸ್ ವ್ಯವಹಾರದ ಸಮಯಗಳ ಉದ್ದಕ್ಕೂ ವಹಿವಾಟಿನ ಆಧಾರದ ಮೂಲಕ ವಹಿವಾಟಿನ ಮೇಲೆ ವಹಿವಾಟುಗಳನ್ನು ನಿರಂತರವಾಗಿ ಪರಿಷ್ಕರಿಸಲಾಗುತ್ತದೆ.

• Index ratio (IR) will be calculated by dividing the reference WPI on the settlement date with the reference WPI on the issue date.

• The formula for the same is as under:

On behalf of GAH, PM needs to submit an access request form to CCIL. The Request would be formally addressed to RBI. However, CCIL has been authorized to directly receive and process Access Request Form from PM for operational convenience. A detailed operation flow is contained in Annexure I.

Ans : NBFCs desirous of sponsoring IDF-MFs are required to comply with the following requirements :

• The NBFC should have a minimum Net Owned Funds (NOF) of Rs.300 crore; and Capital to Risk Weighted Assets (CRAR) of 15%;

• its net NPAs should be less than 3% of net advances;

• it should have been in existence for at least 5 years;

• it should be earning profits for the last three years and its performance should be satisfactory;

• the CRAR of the NBFC post investment in the IDF-MF should not be less than the regulatory minimum prescribed for it;

• The NBFC should continue to maintain the required level of NOF after accounting for investment in the proposed IDF and

• There should be no supervisory concerns with respect to the NBFC.

Like in most countries, banks in India also are required to develop their own individual policy / procedures relating to collection of cheques. The customer is entitled to receive due disclosures from the bank on the bank's obligations and the customers' rights.

Broadly, the policies formulated by banks should cover the following areas:

Immediate credit for local / outstation cheques, Time frame for collection of local / outstation instruments and compensation payable for delayed collection.

The CCPs of various banks are made available on the website of respective bank.

Banks are obliged to disclose their liability to customers by way of compensation / interest payments due to delays for non-compliance with the standards set by the banks themselves. The customer has to be compensated by way of compensation/interest payment even if no formal claim is lodged to the effect.