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RBI Policy Review: RBI pauses as inflation concerns return

The pause in the rate cycle comes as a surprise given the dismal growth for the second quarter of 2019-20 and the likely persistence of a slowdown. Clearly the RBI has responded to hardening headline inflation and rising inflation expectations of households....

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Posted Under: Fema / RBI |

Is Fixed Deposit Advice safe for customers ?

As you all know nowadays whenever we request any sort of statement etc. from non-banking financial companies (NBFCs) i.e. insurance, chit fund,  merchant banking, stockbroking etc. they provide us computer generated with the Legend that ‘This is a computer-generated paper advice / receipt and does not require a signature’. Si...

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Posted Under: Fema / RBI |

50 years of nationalization of Indian Banks: celebration and an introspection

When Mr R.K. Panjwani, a banking colleague of mine for 40 years congratulated me on the occasion of 50 years of Indian banks nationalization, my mind waded back to RBI Governor, Shaktikanta Das, lecture on 16th November 2019 at Amrut Modi School of Management, Ahmedabad University. Yes, it is time to think about the performance […]...

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Posted Under: Fema / RBI |

Core Investment Companies: RBI working committee recommendations- a rational discussion

My routine visits to one of the biggest nationalized banks witnessed an interesting interaction between the bank’s Chief Manager and a messenger from a Gurugram court which involved a question to the bank whether it received money from one of the 63 accounts maintained by a defaulter builder with the said bank. It reminded me […]...

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Posted Under: Fema / RBI |

Indian Visa Requirements for Japanese Nationals

Under Indian law, the legal rights and the restrictions imposed on Japanese nationals depend on whether they are categorized as residents or non-residents. Entry into India generally requires a valid visa granted by an Indian Mission (that is, consulate of the Indian embassy) abroad. Furthermore, foreign nationals who enter India must reg...

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Posted Under: Fema / RBI |

RBI’s latest Liquidity Risk Management guidelines for NBFCs

RBI’s latest Liquidity Risk Management guidelines for Non-Banking Financial Companies (NBFCs) RBI in its wisdom issued detailed guidelines on liquidity risk management for NBFCs on November 4, 2019 with non-deposit taking NBFCs with asset size of Rs. 100 Crore and above, systematically important Core investment companies and all deposit...

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Posted Under: Fema / RBI |

FAQs- NRI Life Insurance

Q.1 Who is an NRI? Ans. An Indian residing abroad is generally known as Non-Resident Indian (NRI). Non-Resident Indian (NRI) means a person resident outside India who is a citizen of India or is a person of Indian origin. NRI also includes the Person of Indian Origin (PIO). PIO is a person, who at any […]...

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Posted Under: Fema / RBI |

Investment in India by NRI- FAQs

Q.1 Who is a non-resident Indian (NRI)? Ans: An Indian residing abroad is generally known as Non-Resident Indian (NRI). NRI is defined under the Foreign Exchange Management Act, 1999 (FEMA) and the Income Tax Act, 1961 and for the purpose of the respective laws. NRI as per FEMA- Non-Resident Indian (NRI) means a person resident […]...

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Posted Under: Fema / RBI |

Entry Routes to India

India is one of the world’s most attractive destinations for international investors. India, being the world’s seventh- largest economy, has everything to attract the international investors. This articles is a brief introductory guide for the overseas enterprises considering the expansion of their activities in India and the ...

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Posted Under: Fema / RBI |

Private Bank CEO Salary: RBI revises compensation guidelines

Effective governance of compensation – The Board of Directors to oversee compensation system’s design and operation, monitor the compensation system, and staff engaged in financial and risk control must be independent and compensated irrespective of the areas supervised by them. All in altruistic sense....

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Posted Under: Fema / RBI |