Public can continue to use ₹2000 banknotes for their transactions and also receive them in payment. However, they are encouraged to deposit and/or exchange these banknotes ...
Explore frequently asked questions (FAQs) about the Indo-Nepal Remittance Facility (INRF) Scheme, including features, limits, documents, and more....
Importance of Form FC-GPR under RBI guidelines for foreign investments in India. Learn filing process, due dates, and implications of late submissions...
Explore latest RBI guidelines on commercial banks' investment portfolios in 2023. Understand classifications, valuation, and operations for better financial compliance....
Discover which entities, including companies, LLPs, and more, are required to file FLA returns with RBI, and learn about exceptions to this filing requirement....
As per data shared by the Union Minister of State for Finance, Shri Pankaj Chaudhary, the majority (89%) of these notes were issued prior to March 2017. The volume and value of the ₹2000 banknotes have seen a gradual decrease since their peak in 2018. ...
Facility of exchange of Rs 2000/- denomination Bank Notes to all members of the public upto a limit of Rs.20000/- at a time will be allowed without obtaining any requisition slip as per the format attached in Annexure-III. Further no identity proof is required to be submitted by the tenderer at the time of exchange...
As we all know that Statutory Bank Branch Audit is a one time task for a particular financial. Also we need to complete the bank audit within limited time so it’s an commendable job on all the chartered Accountants to complete the audit on time with quality reporting. Also you all are aware that government […]...
Boundary between the banking book and the trading book - This chapter sets out the instruments to be included in the trading book (which are subject to market risk capital requirements) and those to be included in the banking book (which are subject to credit risk capital requirements)....
SEBI Consultation Paper on Strengthening Corporate Governance At Listed Entities By Empowering Shareholders – Amendments To SEBI (LODR) Regulations, 2015...
First Global Stockbroking Pvt. Ltd. & Ors. Vs Anil Rishiraj & Anr (Supreme Court of India) - In present facts of the case, the Hon’ble Supreme Court observed that the Enforcement Officer appointed under Section 3 of FERA, 1973 was authorized to file complaint under provisions of FERA even after getting repealed by the virtue of S. 49 of FEMA under the heading ‘Repeal and Savings’....
Anita Tosniwal Vs Reserve Bank of India (Calcutta High Court) - Anita Tosniwal Vs Reserve Bank of India (Calcutta High Court) In the case of Anita Tosniwal vs Reserve Bank of India, the Calcutta High Court has delivered a judgment quashing the demand for interest and refund of stamp duty and registration fee. The court found that there was no proper enquiry cond...
Ramesh Manglani Vs Directorate of Enforcement (Delhi High Court) - Delhi High Court granted regular bail on the reasonable grounds based on which it can be believed that the petitioner is not guilty of offence under section 3 of PMLA and also that petitioner has materially co-operated in the investigation....
Sanjay Jain (IN JC) Vs Enforcement Directorate (Delhi High Court) - Delhi High Court held that the power to grant bail on medical grounds under the first proviso to Section 45(1) of the Prevention of Money Laundering Act, 2002 (PMLA) is discretionary. Accordingly, court directed AIIMS to evaluate medical condition of the petitioner....
Sameer Mahandru Vs Directorate of Enforcement (Delhi High Court) - Delhi High Court granted interim bail on petitioner satisfying the test of proviso to section 45(1) of the Prevention of Money Laundering Act, 2002 (PMLA) as petitioner is suffering from life-threatening diseases warranting immediate medical attention....
RBI/2023-24/64 DCM(Plg) No. S-1288/10.27.00/2023-24 & Press Release: 2023-2024/1025 - (30/09/2023) - RBI has extended deadline for withdrawal of ₹2000 banknotes to October 7, 2023. Learn about new guidelines and arrangements....
RBI/2023-24/63 [DoR.FIN.REC.41/20.16.003/2023-24] - (25/09/2023) - Reserve Bank of India (RBI) has issued Circular RBI/2023-24/63 on September 25, 2023, addressing the display of information related to secured assets possessed under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002. This move towards...
RBI/DoR/2023-24/105 DoR.FIN.REC.40/01.02.000/2023-24 - (21/09/2023) - Master Direction - Reserve Bank of India (Prudential Regulations on Basel III Capital Framework, Exposure Norms, Significant Investments, Classification, Valuation and Operation of Investment Portfolio Norms and Resource Raising Norms for All India Financial Institutions) Directions, 2023...
Press Release: 2023-2024/957 - (21/09/2023) - Read about Reserve Bank of India's (RBI) Draft Master Direction on treatment of wilful defaulters and large defaulters in 2023. Provide feedback by October 31, 2023....
Notification No. RBI/2023-24/62 DoR.FIN.REC.39/20.16.056/2023-24 - (20/09/2023) - RBI's latest circular introduces a Data Quality Index (DQI) for Commercial and Microfinance segments, aiming to assess data quality in financial sector....
RBI/2023-24/64 DCM(Plg) No. S-1288/10.27.00/2023-24 & Press Release: 2023-2024/1025 - 30/09/2023
First Global Stockbroking Pvt. Ltd. & Ors. Vs Anil Rishiraj & Anr (Supreme Court of India) -
RBI/2023-24/63 [DoR.FIN.REC.41/20.16.003/2023-24] - 25/09/2023
RBI/DoR/2023-24/105 DoR.FIN.REC.40/01.02.000/2023-24 - 21/09/2023
Press Release: 2023-2024/957 - 21/09/2023
Notification No. RBI/2023-24/62 DoR.FIN.REC.39/20.16.056/2023-24 - 20/09/2023