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 : Individuals who receive or transfer funds on behalf of others may face prosecution under various Indian laws. The article explains...
Fema / RBI : RBI has reiterated that software and ITES exporters must submit the annual survey based on the previous financial year. The guidel...
Fema / RBI : RBI requires mutual funds to report foreign liabilities and assets annually for compilation of Balance of Payments and Internation...
Fema / RBI : This article explains why FEMA does not explicitly prohibit round-tripping transactions and how regulators instead control them th...
Fema / RBI : Service exporters must file monthly EDF declarations from October 2026 under new FEMA regulations. Non-compliance may affect eBRC ...
Fema / RBI : RBI has clarified reporting requirements, valuation methods, submission procedures, and entity obligations under the Portfolio Inv...
Fema / RBI : The amendment redefines revenue reserves by excluding provisions for liabilities and depreciation. This ensures clearer classifica...
Fema / RBI : RBI revises the definition of revenue reserves to exclude provisions and liabilities. The change enhances transparency and consist...
Fema / RBI : The Reserve Bank of India has removed a key provision from capital adequacy norms to ensure consistency with updated investment ru...
Fema / RBI : RBI introduces annual IFR assessment instead of continuous compliance for RRBs. The change reduces operational burden while mainta...
Fema / RBI : The key issue was whether cash falls within the definition of property under the PBPT Act. The Tribunal ruled that cash is a tangi...
Fema / RBI : The case examined whether Indian assets could remain seized after foreign asset value was repatriated. The Tribunal ruled that onc...
Fema / RBI : The appellant claimed the disputed funds were received unknowingly and had attempted to return them. The Tribunal granted relief b...
Fema / RBI : The Tribunal held that bank accounts cannot remain frozen merely because the account holder is related to a suspect or under inves...
Fema / RBI : The Tribunal held that retention of seized assets can continue under Section 8(3) when a PMLA prosecution complaint is already pen...
Fema / RBI : RBI amended governance rules for Rural Co-operative Banks after observing that some directors were briefly resigning and returning...
Fema / RBI : RBI amended governance rules for Urban Co-operative Banks after finding directors briefly resigning and rejoining boards to bypass...
Fema / RBI : RBI issued revised draft directions to regulate recovery practices of banks, NBFCs, and other regulated entities. The framework pr...
Fema / RBI : RBI has released draft amendment directions for commercial and small finance banks to strengthen Pillar 3 disclosures under Basel ...
Fema / RBI : RBI has abolished the mandatory Investment Fluctuation Reserve requirement for commercial banks following changes in market risk a...
Reserve Bank of India RBI/2022-23/178 CO.DPSS.RPPD.No.S1931/04-03-001/2022-23 February 16, 2023 The Chairman / Managing Director / Chief Executive Officer of member banks participating in NEFT and RTGS Systems Madam / Dear Sir, Introduction of Foreign Contribution (Regulation) Act (FCRA) related transaction code in NEFT and RTGS Systems Under the FCRA, 2010 (amended as on September 28, […]
Learn the core underpinnings of the Code of Conduct for Debt Recovery Agents, prescribed by the Reserve Bank of India and Bank/Financial company policies. Understand the Purpose, Philosophy and Spirit to be followed by agents at all times. Be professional and act within laws and regulations.
Previously we had discussed about what is digital rupee and how it is going to work, but how do you think the government and RBI will bring this dream of Digital Rupee to reality?
Explore the legal aspects of foreign investment in India by persons residing outside India in an unlisted Indian Company. Learn more about the compliance obligations of an Indian Company in 2023, with PM Gati Shakti National Master Plan and more.
Should an AD bank obtain a valid LEI for transactions less than INR 50 crore even if the customer has not done any transaction of INR 50 crore or above on or after October 1, 2022?
If you are sending money to India or receiving it from a foreign nation, a proper understanding of the applicable tax laws is essential. Over the years, several changes have been introduced to the Foreign Exchange Management Act (FEMA) of India and they have often been drastic
Reserve Bank of India RBI/2022-23/176 CO.DPSS.POLC.No.S–1907/02.14.006/2022-23 February 10, 2023 All Prepaid Payment Instrument (PPI) Issuers (Banks and Non-banks) and National Payments Corporation of India (NPCI) Madam / Dear Sir, Issuance of PPIs to Foreign Nationals / Non-Resident Indians (NRIs) visiting India As announced in the Statement on Developmental and Regulatory Policies dated February 08, 2023, it […]
An enhancement has recently been made to provide UPI access to non-resident Indians who have international mobile numbers linked to their NRE / NRO accounts. It is now proposed to permit all inbound travellers to India also to access UPI for their merchant payments (P2M) while they are in the country.
RBI decided to restore market hours in respect of government securities from 9:00 AM to 3:30 PM to 9:00 AM to 5:00 PM with effect from Monday, February 13, 2023
As announced in Monetary Policy Statement dated February 08, 2023, it has been decided by Monetary Policy Committee (MPC) to increase policy repo rate under Liquidity Adjustment Facility (LAF) by 25 basis points from 6.25 per cent to 6.50 per cent with immediate effect.
