RBI Circular Notification Press Release and Instructions issued by Reserve bank of India. News and Article on provisions, Rate changes, Policy changes and FAQ
Fema / RBI : Learn the intricacies of Non-Banking Financial Company (NBFC) management transfers, including compliance requirements and the appr...
Fema / RBI : Article explains some intricacies and issues surrounding Pre-Shipment Export Finance (PSEF), particularly focusing on Pre-Shipment...
Fema / RBI : Discover the revised timelines and requirements outlined in the Master Direction – Reserve Bank of India (Filing of Supervisory ...
Fema / RBI : Discover essential FAQs on government pension payments, including joint account continuation, crediting timelines, excess payment ...
Fema / RBI : Stay informed about the Scheme for Payment of Pension to Central Government Pensioners by Authorised Banks with these FAQs. Update...
Fema / RBI : Explore the comprehensive regulatory insights shared by Shri M. Rajeshwar Rao, Deputy Governor of the Reserve Bank of India, focus...
Fema / RBI : Explore how the Reserve Bank of India is fostering self-regulation through SROs, setting industry standards, and enhancing complia...
Fema / RBI : Explore FAQs on Credit Card Issuance, Activation, Usage, and Complaints. Understand rules, rights, and procedures in the Master Di...
Fema / RBI : Explore the UDGAM portal by RBI, a centralized tool for searching unclaimed deposits. Learn about registration, search inputs, and...
Fema / RBI : Dive into the Depositor Education and Awareness (DEA) Fund Scheme, 2014 by RBI. Learn about unclaimed deposits, transfer process, ...
Fema / RBI : Lender Banks Required to Provide Audit Reports to Borrowers and Allow Representation Before Classifying Accounts as Fraud, Along w...
Fema / RBI : Lawyers empanelled by the banks to represent them in cases did not hold a civil post and thus the laws of reservation would not be...
Fema / RBI : Assessee-company was engaged in the business of providing unsecured short-term loans to its customers/borrowers in India via its D...
Fema / RBI : Delhi High Court granted the bail application in the extortion case concluding that merely because the petitioner has been alleged...
Fema / RBI : Read Rajasthan High Court's judgment in Bhagwati Jewellers regarding release of seized gold bullion and goods by Enforcement Direc...
Fema / RBI : Discover how RBI assigns lead bank responsibilities for Tamulpur, the new district in Assam, impacting financial outreach. Details...
Fema / RBI : Explore the updated guidelines of the RBI's Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM) for promoti...
Fema / RBI : Explore RBI's guidelines on credit facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs) through the Master Circular, ensu...
Fema / RBI : Stay updated with RBI's latest circular on amendments to the Weapons of Mass Destruction Act compliance. Ensure meticulous adheren...
Fema / RBI : Understand RBIs Key Facts Statement (KFS) for loans & advances. Learn about APR, fees, charges, and borrower empowerment...
Master Circular – Asset Reconstruction Companies shall apply to ARCs registered with the Reserve Bank of India under Section 3 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. However, in respect of the trust/s mentioned in paragraph 7 herein, the provisions of paragraphs 3, 4, 5,8, 9(i), 9(iii) 11,12,13 and 14 shall not be applicable.
Recognizing the importance of SHG Bank linkage, banks have been advised to meet the entire credit requirements of SHG members, as envisaged in Paragraph 93 of the Union Budget announcement for the year 2008-09
RBI clarified that investments in special securities received from the Government of India towards bank’s recapitalisation requirement from FY 2021-22 onwards shall be recognised at fair value / market value on initial recognition in HTM.
Bilateral Netting of Qualified Financial Contracts Act, 2020, has been notified by Notification No. S.O. 3463(E) dated October 1, 2020. The Act provides a legal framework for enforceability of bilateral netting of qualified financial contracts (QFC).
CA. Manisha Mehta Vs The Board of Directors of Represented by its Managing Director of ICICI Bank and ors. (Bombay High Court) The main prayer of the petitioners is for a declaration that natural justice should be read into section 14 of the SARFAESI Act. The SARFAESI Act is intended to facilitate quick recovery of […]
Banks were advised to consider using lockable cassettes in their ATMs which shall be swapped at the time of cash replenishment and achieve such cassette swap by March 31, 2022 and on request RBI extends the timeline for implementation of cassette swap in all ATMs till March 31, 2023. Reserve Bank of India RBI/2021-22/190 DCM […]
Anticipatory bail denied in PMLA case, applicant accused of money laundering. Enforcement Directorate cites forged documents and Rs.25,000 tainted money.
Whether the Government is aware that the private banks and Non-Banking Financial Companies are charging service charges before the filing of any loan, from which they are getting crores of rupees every year without doing anything;
As per the findings of RBI’s Working Group on digital lending, the number of illegal lending apps stood at approximately 600 from 1.1.2021 to 28.2.2021.
Gross non-perofrming assets (NPAs) improves from 11.33% in FY2017-18, to 13.52% in FY2018-19, to 14.69% in FY2019-20 As per Reserve Bank of India (RBI) data, recovery made by public sector banks (PSBs) during the financial year as a percentage of gross non-performing assets (NPAs) as on beginning of the financial year (FY) has improved from […]
