25 YEARS IN INDIA: LEADING WITH IMPACT
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Key Regulatory Measures (I/III)
Recent Trends
Apr 21
Appointment of Statutory Central
Auditors (SCAs)/Statutory Auditors (SAS)
May 21 PSL by SFBS to NBFC-MFIS
May 21
May 21
Special Long-Term Repo Operations
(SLTRO) for Small Finance Banks (SFBS)
Restructuring existing individual,
small business and MSME loans
Jun 21 Risk based Internal Audit (RBIA)
Jun 21 Declaration of Dividends
Jun 21 Credit Guarantee Scheme for MFIS
Limit of audit of four commercial banks, eight UCBs and eight NBFCs for an audit firm
in a year made applicable to audit of NBFCs with asset size below Rs. 1,000 crore too
Extension provided for SFBS permitted to reckon fresh lending to smaller MFIs for on-
lending to individual borrowers as Priority Sector Lending (PSL) till FY22
Special three-year long-term repo operations (SLTRO) of 10,000 crore at repo rate for
the SFBS, to be deployed for to NBFC-MFIs to be available till October 31, 2021
NBFC's permitted by the RBI to restructure loans of individual, small businesses and MSMEs having
aggregate exposure of up to Rs.25 crore and who have not availed restructuring under any of the
previous frameworks and who were classified as 'standard' as on 31 Mar 21; The restructuring has
to be invoked by Sep 2021
Provisions of RBIA to be applicable to all deposit taking HFCs and non-deposit taking HFCs
with asset size of Rs 5,000 crore and above
RBI has set a relatively relaxed criteria for dividend payout, as compared with the draft
guidelines effective for dividends from profit for FY22 and onwards
Banks have fully utilized *7,500 crore under the Credit Guarantee Scheme for Micro
Finance Institutions (MFIs); part of a *6.29 lakh crore package to provide relief to various
sectors affected by the second wave of the COVID-19 pandemic
Source: Reserve Bank of India
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