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Fema / RBI

RBI Circular Notification Press Release and Instructions issued by Reserve bank of India. News and Article on provisions, Rate changes, Policy changes and FAQ

Latest Articles


Remittances to IFSCs under Liberalised Remittance Scheme (LRS)

Fema / RBI : RBI new circular allows resident individuals to remit funds to IFSCs for all permissible LRS purposes, boosting financial services...

July 16, 2024 504 Views 0 comment Print

NBFC Fair Practice Code: RBI Scale Based Regulations

Fema / RBI : Explore NBFC Fair Practice Code under RBI Scale Based Regulations. Learn about guidelines, transparency, customer rights, and grie...

July 14, 2024 735 Views 0 comment Print

Annual Return on Foreign Liabilities and Assets (FLA) under FEMA 1999

Fema / RBI : FLA return is annual return required to be submitted by following entities which have received FDI and/or made FDI abroad (i.e. ov...

July 7, 2024 1719 Views 1 comment Print

NBFC company and its compliances’

Fema / RBI : Explore the role of Non-Banking Financial Companies (NBFCs) in India's financial landscape, their types, and regulatory compliance...

July 4, 2024 660 Views 0 comment Print

Digital Lending and RBI Strictness

Fema / RBI : Discover RBI's stringent guidelines on digital lending post-COVID. Learn key regulations for banks and NBFCs, ensuring fair practi...

June 26, 2024 603 Views 1 comment Print


Latest News


‘HaRBInger 2024- Innovation for Transformation’

Fema / RBI : Discover RBI's third global hackathon, 'HaRBInger 2024 - Innovation for Transformation,' aimed at enhancing India's financial land...

July 12, 2024 501 Views 0 comment Print

Credit card latest rules: You can now decide billing cycle of your card

Fema / RBI : The ability for cardholders to determine their billing cycle signifies that credit cards are not merely tools for cashless transac...

May 14, 2024 1908 Views 0 comment Print

Insights into Regulatory Frameworks: Reserve Bank of India’s Approach

Fema / RBI : Explore the comprehensive regulatory insights shared by Shri M. Rajeshwar Rao, Deputy Governor of the Reserve Bank of India, focus...

April 4, 2024 438 Views 0 comment Print

Framework for Recognizing SROs for RBI Regulated Entities

Fema / RBI : Explore how the Reserve Bank of India is fostering self-regulation through SROs, setting industry standards, and enhancing complia...

March 22, 2024 567 Views 0 comment Print

RBI FAQs on Credit Card and Debit Card – Issuance and Conduct Directions, 2022

Fema / RBI : Explore FAQs on Credit Card Issuance, Activation, Usage, and Complaints. Understand rules, rights, and procedures in the Master Di...

March 9, 2024 414 Views 0 comment Print


Latest Judiciary


RBI asks NBFCs to stick to Rs 20,000 cash loan pay-out limit

Fema / RBI : RBI directs NBFCs to adhere to a Rs 20,000 cash loan disbursement limit, aiming to regulate cash transactions and enforce complian...

May 21, 2024 789 Views 0 comment Print

Lender Banks Required to Provide Audit Reports to Borrowers & Allow Representation Before Classifying Accounts as Fraud

Fema / RBI : Lender Banks Required to Provide Audit Reports to Borrowers and Allow Representation Before Classifying Accounts as Fraud, Along w...

February 22, 2024 951 Views 0 comment Print

Lawyers empanelled By Banks were not entitled for reservation under Article 16 for their Appointment

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...

February 12, 2024 822 Views 0 comment Print

Lack of Evidence for FEMA Act Contravention in Bogus Import of Service via Cash Bean App: Writ Petition Dismissed

Fema / RBI : Assessee-company was engaged in the business of providing unsecured short-term loans to its customers/borrowers in India via its D...

December 25, 2023 609 Views 0 comment Print

Denial of bail merely alleging that petitioner is Hawala Operator unjustified

Fema / RBI : Delhi High Court granted the bail application in the extortion case concluding that merely because the petitioner has been alleged...

December 12, 2023 699 Views 0 comment Print


Latest Notifications


RBI Master Directions on Fraud Risk Management in NBFCs (including HFCs)

Fema / RBI : Discover the 2024 Master Directions from RBI detailing fraud risk management guidelines for NBFCs. Learn about governance, early w...

July 15, 2024 1005 Views 0 comment Print

RBI Master Directions on Fraud Risk Management in Cooperative Banks

Fema / RBI : Explore RBI latest Master Directions on Fraud Risk Management in Urban Cooperative Banks (UCBs), State Cooperative Banks (StCBs), ...

July 15, 2024 306 Views 0 comment Print

RBI Master Directions on Fraud Risk Management in Banks & Financial Institutions

Fema / RBI : Explore RBI's latest Master Directions on Fraud Risk Management for Banks & AIFIs. Learn about governance, early detection framewo...

July 15, 2024 372 Views 0 comment Print

RBI Withdraws 17 Obsolete Circulars for Simplification

Fema / RBI : The RBI has withdrawn several outdated circulars to streamline and simplify banking guidelines. Learn about the changes and their ...

July 13, 2024 366 Views 0 comment Print

RBI Circular: Updated Guidelines for Remittances to IFSCs under LRS 2024

Fema / RBI : Read about RBI's latest circular on Liberalised Remittance Scheme (LRS) allowing expanded remittances to IFSCs, implications, and ...

July 10, 2024 423 Views 0 comment Print


Biggest Reform in Banking Sector- Merger of Banks

April 8, 2020 5364 Views 0 comment Print

As we all are aware of COVID-19, everyone is in self-quarantine and taking necessary measures to prevent COVID-19. Meanwhile, Government is in its form to proceed with the biggest reform in the banking sector i.e Merger of 10 Public Sector Banks into 4 big banks. Now-a-days, people are listening frequently the news about banking sector […]

Union Bank of India NEFT/RTGS Utility

April 8, 2020 5187 Views 0 comment Print

Union Bank of India NEFT / RTGS Utility for generating NEFT/RTGS Form at any time. You can add 2000 beneficiaries to the Form, hence when you need somebody’s Bank details in future,You can easily get it from this Form. Along with NEFT / RTGS form, you can Print respective cheque also. Now you are free […]

RBI permits greater space to State Govts/ UTs for availing overdraft facilities

April 8, 2020 360 Views 1 comment Print

In order to provide greater flexibility to the State Governments to tide over their cashflow mismatches, RBI, on a review, has decided to a. increase the number of days for which a State/ UT can be in overdraft continuously to 21 working days from the current stipulation of 14 working days.

Identification of NPA in Bank Audit

April 7, 2020 78606 Views 5 comments Print

The Statutory Auditors may consider the following exercise to dig out the hidden accounts which are shown as Standard but are required to be classified as NPAs.

IBA suggests Bank Branch Statutory Audit from a remote location

April 7, 2020 2865 Views 0 comment Print

Furthermore, Branch Statutory Auditors should conduct the audit operations from a remote location primarily relying on the data available in CBS and they should physically visit the branches only for urgent and unavoidable matters.

Risk Management and Inter-bank Dealings – Hedging of foreign exchange risk

April 7, 2020 5121 Views 0 comment Print

i. Domestic non-retail corporates having an INR liability may, at their discretion, convert it into a foreign currency liability through a currency swap. ii. For derivative contracts involving INR, Authorised Dealers shall allow a user to book derivative contracts up to USD 10 million equivalent of notional value (outstanding at any point in time) without the need to establish the existence of underlying exposure.

Karnataka Bank – NEFT/RTGS Excel Utility

April 6, 2020 5097 Views 0 comment Print

Karnataka Bank NEFT / RTGS Utility for generating NEFT/RTGS Form at any time. You can add 2000 beneficiaries to the Form, hence when you need sombody’s Bank details in future,You can easily get it from this Form. Along with NEFT / RTGS form, you can Print respective cheque also. Now you are free from missing […]

Compounding under FEMA, 1999

April 6, 2020 10206 Views 0 comment Print

Article on Compounding of Contraventions Under Foreign Exchange Management Act (FEMA), 1999 explains Power to compound by Reserve Bank,  Power of Enforcement Directorate to Compound Contraventions under FEMA, Delegation of Powers to Regional Offices, Authorisation to compound the contraventions by FED CO Cell, New Delhi, How to make Application for Compounding, Pre-requisite for Compounding Process, […]

Transfer of funds from NRO A/c. to NRE A/c. or Remittance Abroad

April 5, 2020 29685 Views 8 comments Print

If you are a Non-Resident Indian (NRI) or a Person of Indian Origin (PIO), you can open, hold and maintain (without permission from the Reserve Bank of India) following types of accounts with an authorised dealer in India i.e. a bank authorised to deal in foreign exchange: a) Non-Resident (Ordinary) Rupee Account – NRO Account […]

HDFC Bank – NEFT/ RTGS Form Excel Utility

April 5, 2020 104847 Views 7 comments Print

HDFC Bank NEFT / RTGS Utility for generating NEFT/ RTGS Form at any time. You can add 2000 beneficiaries to the Form, hence when you need sombody’s Bank details in future,You can easily get it from this Form. Along with NEFT / RTGS form, you can Print respective cheque also. Now you are free from […]

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