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 about FC-TRS form filing, foreign investment types, RBI compliance, and penalties for delayed reporting under FEMA regulatio...
Fema / RBI : Learn about the Gold Monetisation Scheme 2025, deposit eligibility, interest rates, updated rules, and the discontinuation of Med...
Fema / RBI : Compare Foreign Direct Investment (FDI) and Foreign Portfolio Investment (FPI). Understand their differences, benefits, risks, and...
Fema / RBI : RBI highlights poor customer service in banks, citing rising complaints and regulatory violations. Urges a shift towards customer-...
Fema / RBI : Delhi High Court upheld a significant penalty imposed by the Reserve Bank of India (RBI) under the Foreign Exchange Management Act...
Fema / RBI : Explore challenges faced by first-time borrowers and informal sector workers due to limited CIBIL scores, and measures to improve ...
Fema / RBI : New FEMA rules allow settlement of foreign exchange violations with penalties up to ₹5 crore. Pending cases will follow earlier ...
Fema / RBI : Rupee hit ₹86.70/USD in January 2025, its lowest level. Factors include global economic trends, US elections, and forex reserve ...
Fema / RBI : The Indian Rupee has depreciated against the US Dollar over the past decade. The government explains causes, trade impacts, and RB...
Fema / RBI : The Indian government takes measures to regulate digital lending platforms and protect citizens from exploitation by unauthorized ...
Fema / RBI : Delhi High Court upholds RBI's FEMA penalty on an OCI cardholder for unauthorized agricultural land purchase in India, citing due ...
Fema / RBI : Present appeal has been filed by the appellant mainly contesting that whether the Tribunal was right in holding that there has bee...
Fema / RBI : Delhi High Court held that petitioner is duly entitled for the grant of duty drawback since the export proceeds have been realised...
Fema / RBI : Delhi High Court sets aside RBI's cancellation of NBFC registration for failure to meet Rs. 200 Lakh NOF, directs fresh review of ...
Fema / RBI : RBI directs NBFCs to adhere to a Rs 20,000 cash loan disbursement limit, aiming to regulate cash transactions and enforce complian...
Fema / RBI : RBI updates norms for government-guaranteed Security Receipts, affecting valuation, capital deductions, and dividend payments. Eff...
Fema / RBI : RBI sets special clearing operations for government cheques on March 31, 2025. All member banks must participate and ensure infras...
Fema / RBI : RBI announces updated guidelines for the sale and issue of Government of India Securities, including Treasury Bills and Cash Manag...
Fema / RBI : The Government of India has discontinued Medium and Long Term Government Deposits under the Gold Monetization Scheme from March 26...
Fema / RBI : RBI releases Master Direction on Capital Adequacy for RRBs, outlining prudential norms, risk weights, and reporting requirements e...
It seems like it was the need of an hour to constitute National Financial Reporting Authority. Section 132 of Companies Act, 2013 deals with the constitution of NFRA. On Thursday March 1, 2018, the cabinet approved its constitution as announced by Union Finance Minister Arun Jaitley in a press meet. But the question here is, […]
RBI has imposed, on February 27, 2018, a monetary penalty of ₹ 20 million on Indian Overseas Bank (the bank) for non-compliance with the directions issued by RBI on Know Your Customer (KYC) norms. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949, taking into account failure of the bank to adhere to the aforesaid directions/guidelines issued by RBI.
PNB Bank had initiated the process of assigning Forensic Audit in the accounts of Nirav Modi Group and bids were invited from major audit firms. Bid from M/s BDO India LLP was Ll and after negotiations with them, M/s BDO India LLP has been appointed as Forensic Auditor for 5 group companies of Nirav Modi on 27.02.18
Foreign Portfolio Investors, registered with Securities and Exchange Board of India, are permitted to purchase or sell Interest Rate Futures subject to the following conditions: (i) the aggregate long position of all FPIs, each of whom has a net long position in any IRF instrument, shall not exceed ₹ 5000 crore, aggregated across all IRF instruments,
Sub-target of 8 percent of Adjusted Net Bank Credit (ANBC) or Credit Equivalent Amount of Off-Balance Sheet Exposure (CEOBE), whichever is higher, shall become applicable for the foreign banks with 20 branches and above, for lending to the small and marginal farmers from FY 2018-19.
Is the PNB fraud an operational failure or a auditing failure or a regulatory failure is the question (leaving alone the political slugfest) in the people mind and there are lot of claims and counter claims on the basic reasons for such a massive scam to have happended. No bank is without operational risks and […]
This has reference to recent news item appearing in CNBC TV18 titled Govt may ask PNB to pay for Fraud Liabilities on 23.02.2018 and as desired we are giving below point wise reply as under:-
SSOCHAM today cautioned against allowing the alleged fraud in the Punjab National Bank (PNB) to halt the entire system of corporate lending as demoralisation would set in among the top functionaries and employees of the state-owned banks, something the country can ill-afford at a time when the credit growth was about to recover and economy was set to grow at a higher pace.
Risk Management and Inter-bank Dealings: Revised guidelines relating to participation of a person resident in India and Foreign Portfolio Investor (FPI) in the Exchange Traded Currency Derivatives (ETCD) Market
Over the past weeks, the nation has been shocked by the PNB fraud, not only the way it was perpetrated, massive amounts involved (1.8 billion USD) but also the years (since 2011) over which it remained undetected. The fraud has done severe damage to the credibility of the banking system in the country and shaken the confidence of the public.
