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RBI Designates State Bank of India as Lead Bank for New Assam District

April 18, 2024 2091 Views 0 comment Print

Discover how RBI assigns lead bank responsibilities for Tamulpur, the new district in Assam, impacting financial outreach. Details inside!

Government Ends Safeguard Measures on Isopropyl Alcohol Imports

April 18, 2024 720 Views 0 comment Print

Learn about the discontinuation of safeguard measures on Isopropyl Alcohol imports by the Government of India. Details in Trade Notice No.02/2024-25-DGFT.

RBI Guidelines: Credit Facilities to SCs/STs – Master Circular

April 16, 2024 903 Views 0 comment Print

Explore RBI’s guidelines on credit facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs) through the Master Circular, ensuring inclusive financial access.

MCA Imposes Heavy Penalty for CSR Violations: Section 135(1) & 135(5)

April 10, 2024 12447 Views 0 comment Print

Dive into a detailed analysis of Clairvoyant India Private Limited violation of CSR provisions under Section 135(1) & 135(5) of the Companies Act, 2013. Learn about penalties, adjudication orders, and legal implications.

Fincare Small Finance Bank Amalgamated into AU Small Finance Bank

April 8, 2024 1317 Views 0 comment Print

RBI’s notification sanctions amalgamation of Fincare Small Finance Bank into AU Small Finance Bank. Details of the exclusion from Second Schedule provided here.

Non-filing of Financial Statement in Form AOC-4: MCA imposes penalty

April 8, 2024 1560 Views 0 comment Print

Discover the adjudication order against Aalamara Nidhi Limited under Section 137 of the Companies Act, 2013. Analysis of penalties imposed and director liabilities.

The IFSCA Banking Handbook Prudential Directions- V 5.0 (PRU)

April 5, 2024 1323 Views 0 comment Print

Explore the prudential rules governing International Banking Units (IBUs) in IFSC, covering capital requirements, risk management policies, and regulatory compliance.

Amendment to IFSCA (Vault Manager) Circular, 2021 dated August 25, 2021

April 1, 2024 666 Views 0 comment Print

Stay updated with the latest amendments to the IFSCA (Vault Manager) Circular for 2024. Learn about changes in fees, registration procedures, and security deposits. Read now!

RBI Master Circular 2024 – Basel III Capital Regulations

April 1, 2024 5895 Views 0 comment Print

Stay updated with RBI latest circular on Basel III Capital Regulations for commercial banks. Learn about the amendments and guidelines for capital adequacy.

Master Direction on Penal Provisions in reporting of transactions/ balances at Currency Chests

April 1, 2024 933 Views 0 comment Print

Stay informed about RBI latest Master Direction on penal provisions for reporting transactions at currency chests. Understand the reporting procedures, penalties, and operational guidelines.

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