Legal Entity Identifier Current Affairs, GK & News

What are New LEI Guidelines by RBI?

April 23, 2022

The guidelines on Legal Entity Identifier (LEI) for large borrowers of Primary (Urban) Co-operative Banks (UCBs) and Non-Banking Financial Companies (NBFCs) have been extended by the Reserve Bank of India (RBI). Overview: The RBI has further advised that any non-individual borrowers enjoying aggregate exposure of Rs 5 crore and more from financial institutions (FIs) and ..

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Legal Entity Identifier System

January 12, 2021

The Reserve Bank of India recently announced the introduction of Legal Entity Identifier System. What is Legal Entity Identifier System? The Reserve Bank of India introduced the Legal Entity Identifier system for all payment transactions of fifty crores and above through NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement). The system is ..

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Legal Entity Identifier mandatory for all large corporate borrowers: RBI

November 3, 2017

The Reserve Bank of India (RBI) has made 20-digit Legal Entity Identifier (LEI) compulsory for companies having aggregate fund-based and non-fund based exposure over Rs 5 crore. The move is aimed at improving risk management in wake of huge stressed assets in banking system. Before this, RBI had made LEI mandatory for transactions in interest ..

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RBI to make LEI compulsory for companies with over Rs 5 crore exposure

October 25, 2017

The Reserve Bank of India (RBI) will soon make Legal Entity Identifier (LEI) compulsory for companies having aggregate fund-based and non-fund based exposure over Rs 5 crore. Before this, RBI made LEI mandatory for transactions in interest rate, forex and credit derivative market. LEI is a unique 20 digit alphanumeric code that will be assigned ..

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