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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


Climate change risks and its impact on financial system

Fema / RBI : RBI's Keynote on Climate Risks discusses physical, transition risks, financial impacts, and measures for managing climate change r...

March 15, 2025 225 Views 0 comment Print

How To Register NBFC in India? Process and Documents

Fema / RBI : Learn the step-by-step process for NBFC registration in India, including required documents, eligibility, and RBI compliance. Unde...

March 11, 2025 423 Views 0 comment Print

Statutory Bank Branch Audit: Key Practices & Compliance

Fema / RBI : A guide to statutory bank branch audits covering compliance, risk-based auditing, expectation gaps, and the evolving role of audit...

March 10, 2025 1668 Views 0 comment Print

Foreign Contribution Regulation Amendment Rules 2024: Key Changes

Fema / RBI : The FCRA Amendment Rules 2024 introduce new reporting requirements, fund carry-forward provisions, and stricter auditing standards...

March 7, 2025 453 Views 0 comment Print

Regulatory Compliance for Wholly Owned Subsidiaries of Foreign Companies in India

Fema / RBI : Learn key regulatory requirements for wholly owned subsidiaries of foreign companies in India, including compliance under the Comp...

March 4, 2025 771 Views 0 comment Print


Latest News


Challenges Faced By First Time Borrowers Due To CIBIL Score

Fema / RBI : Explore challenges faced by first-time borrowers and informal sector workers due to limited CIBIL scores, and measures to improve ...

February 12, 2025 405 Views 0 comment Print

FEMA Regulations Amended for Forex Violation Settlement

Fema / RBI : New FEMA rules allow settlement of foreign exchange violations with penalties up to ₹5 crore. Pending cases will follow earlier ...

February 6, 2025 171 Views 0 comment Print

US Dollar Index rose 6.5% during October 1, 2024, to January 27, 2025

Fema / RBI : Rupee hit ₹86.70/USD in January 2025, its lowest level. Factors include global economic trends, US elections, and forex reserve ...

February 6, 2025 63 Views 0 comment Print

Depreciation in Value of Indian Rupee: Impact and RBI Measures

Fema / RBI : The Indian Rupee has depreciated against the US Dollar over the past decade. The government explains causes, trade impacts, and RB...

December 11, 2024 1053 Views 0 comment Print

Steps by Indian government to Regulate Unauthorized Loan Apps in India

Fema / RBI : The Indian government takes measures to regulate digital lending platforms and protect citizens from exploitation by unauthorized ...

December 11, 2024 351 Views 0 comment Print


Latest Judiciary


Amount transferred to statutory reserve as per RBI Act not deductible from assessable income

Fema / RBI : Present appeal has been filed by the appellant mainly contesting that whether the Tribunal was right in holding that there has bee...

November 25, 2024 741 Views 0 comment Print

Duty drawback entitled once export proceeds realised within stipulated period: Delhi HC

Fema / RBI : Delhi High Court held that petitioner is duly entitled for the grant of duty drawback since the export proceeds have been realised...

October 22, 2024 330 Views 0 comment Print

NOF Default: Delhi HC Orders RBI to Reconsider NBFC Registration Cancellation  

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 ...

October 14, 2024 510 Views 0 comment Print

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 1338 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 1284 Views 0 comment Print


Latest Notifications


RBI Invites Applications for Account Aggregator SRO

Fema / RBI : RBI invites applications for Self-Regulatory Organisation (SRO) for the Account Aggregator ecosystem. Deadline for submission via ...

March 16, 2025 138 Views 0 comment Print

RBI imposes monetary penalty on Bridge Fintech Solutions Private Limited (Finzy)

Fema / RBI : RBI penalizes Bridge Fintech Solutions (Finzy) ₹10 lakh for violating NBFC-P2P norms, citing loan disbursement issues, risk-taki...

March 9, 2025 192 Views 0 comment Print

RBI Guidelines for March 2025 Government Transactions

Fema / RBI : RBI issues guidelines for reporting and accounting of March 2025 government transactions, with deadlines and procedures for agency...

February 28, 2025 465 Views 0 comment Print

RBI Updates on UNSC Sanctions List Under UAPA Compliance

Fema / RBI : RBI directs regulated entities to comply with updated UNSC sanctions list under UAPA, 1967, removing one individual from restricti...

February 27, 2025 213 Views 0 comment Print

RBI Revises Risk Weights on Microfinance Loans

Fema / RBI : The RBI has revised risk weights on microfinance loans, setting them at 100% for RRBs and LABs while excluding consumer credit mic...

February 25, 2025 207 Views 0 comment Print


Analysis of RBI Circular : Resolution on Stressed Assets: Revised Framework

February 21, 2018 10728 Views 0 comment Print

RBI has issued circular No. RBI/2017-18/131 DBR.No.BP.BC.101/21.04.048/2017-18 dated February 12, 2018 on resolution of stressed assets. I have summarized key points of the Circular for ready reference of readers- 1. SMA reporting now need to be done on weekly basis for borrowers entities having aggregate exposure of Rs. 5 crore and above 2. RBI withdraws […]

RBI forms committee to measure effectiveness of bank audit in fraud mitigation

February 20, 2018 912 Views 0 comment Print

Central Board of Directors of RBI, to look into the reasons for high divergence observed in asset classification and provisioning by banks vis-à-vis the RBI’s supervisory assessment, and the steps needed to prevent it; factors leading to an increasing incidence of frauds in banks and the measures (including IT interventions) needed to curb and prevent it; and the role and effectiveness of various types of audits conducted in banks in mitigating the incidence of such divergence and frauds.

Have enough assets to meet any liability decided by law: PNB

February 20, 2018 7530 Views 4 comments Print

PNB looking to monetize assets.- Bank has enough assets to meet any liability which is decided as per law. However, realization of any specific asset would be decided at the time of need with the approval of Board.

No Instruction from Govt for Forensic Audit: PNB Bank

February 20, 2018 6369 Views 1 comment Print

With reference to the media reports regarding Govt. asks fraud-hit Punjab National Bank to conduct forensic audits. We submit as under: Since our bank has not received any instruction from any investigating/Govt. authority, we at present cannot comment on media reports.

Cyber attack on City Union Bank’s SWIFT System: Loses $2 million, retrieves half

February 20, 2018 22443 Views 0 comment Print

It is clarified that the modus operandi of this event has nothing to do with the happening in one of the largest Public Sector Banks. The incident happened in our Bank is because of the cyber attack initiated by the international cyber criminals and there is no evidence of internal staff involvement.

PNB Scam a trigger for Govt to Cut stake in banks: ASSOCHAM

February 20, 2018 7563 Views 0 comment Print

The Punjab National Bank’s fraudulent transactions worth Rs 11,300 crore should act as a strong trigger for the government for reducing its stake to less than 50 per cent in the banks which should then be allowed to work on the lines of private sector lenders with a full sense of accountability to their shareholders protecting interest of depositors

Report estimating hit of $3 bn due to alleged fraud at PNB is false: FM

February 20, 2018 2058 Views 0 comment Print

News appearing in certain section of media that Tax Department has estimated that Indian banks could take a hit of more than $3 bn due to alleged fraud at PNB, is false & factually incorrect. @IncomeTaxIndia has NOT made any such prediction

The Great Jewel Scam. Is It System Failure?

February 19, 2018 10908 Views 0 comment Print

The great jewel scam that is rocking the nation has opened up a Pandora Box on how the banks have become soft target for unscrupulous scam creators in connivance with the bank officials. It is apparent from the modus operandi of the operations that it is a systematic, well conceived and planned loot of the Indian Banking system.

What is the Nirav Modi scandal?

February 19, 2018 22980 Views 6 comments Print

It is textbook banking fraud. Let’s start with a brief overview of how trade in diamonds is settled. Rough diamonds are very expensive, easy to transport, and cutting – polishing them adds little value to the final product. This makes rough diamonds an excellent tool for round-tripping funds into India via fake invoices. Diamond firms raise credit abroad […]

OBC warns Concurrent Auditors to duly Verify all Outward SWIFT messages

February 19, 2018 24213 Views 0 comment Print

It is reiterated that all Concurrent Auditors are required to:- To cross verify that all outbound SWIFT messages vis-a-vis their corresponding entries are reflecting in. To ensure & confirm that second checking has been done by the Branch official who are not associated with SWIFT messages.

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