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1010
Results
Recovery against Gross NPAs improves to 14.69% in FY 2019-20
Editor6
29 Mar 2022
0 comment
Gross non-perofrming assets (NPAs) improves from 11.33% in FY2017-18, to 13.52% in FY2018-19, to 14.69% in FY2019-20 As per Reserve Bank of India (RBI) data, recovery made by public sector banks (PSBs) during the financial year as a percentage of gross non-performing assets (NPAs) as on beginning of the financial year (FY) has improved fr...
Posted Under:
Fema / RBI
|
News
More than 37,000 users joined UPI123Pay since its launch on 8.3.2022
editor1
29 Mar 2022
0 comment
Various steps have been taken by Reserve Bank of India (RBI) to expand the reach of UPI outside India. This was stated by Union Minister of State for Finance Dr Bhagwat Kisanrao Karad in a written reply to a question in Lok Sabha today....
Posted Under:
Fema / RBI
|
News
Resident Indian bound to repatriate income earned on assets held outside India
Editor6
25 Mar 2022
0 comment
In general, a person resident in India to whom any amount of foreign exchange is due or has accrued is duty bound to take all reasonable steps to realise and repatriate such foreign exchange to India, save as otherwise provided under the provisions of Foreign Exchange Management Act, (FEMA), or the rules and regulations made thereunder, o...
Posted Under:
Fema / RBI
|
News
Periodic Updation of Customer KYC
editor1
25 Mar 2022
0 comment
As per the guidelines of RBI, periodic updation is required to be carried out by REs at least once in every two years for high risk customers, once in every eight years for medium risk customers and once in every ten years for low risk customers from the date of opening of the account/last KYC updation....
Posted Under:
Fema / RBI
|
News
FDI Inflow in calendar year 2020 declined to US$ 74.01 billion
Editor6
24 Mar 2022
0 comment
As per Reserve Bank of India (RBI) data, total FDI inflow of US$ 74.01 billion has been reported in calendar year 2021 compared to US$ 87.55 billion in calendar year 2020....
Posted Under:
Fema / RBI
|
News
Investment from Land Border Sharing Countries
Editor6
24 Mar 2022
0 comment
In order to curb opportunistic takeovers/acquisitions of Indian companies due to the COVID-19 pandemic, Government amended the FDI policy vide Press Note 3(2020) dated 17.04.2020 whereby an entity of a country, sharing land border with India or where the beneficial owner of an investment into India is situated in or is a citizen of any [&...
Posted Under:
Fema / RBI
|
News
FDI From Neighbouring Countries
Editor6
17 Mar 2022
0 comment
Since 18th April, 2020, 347 FDI Proposals have been received by the Government from countries sharing land border with India or where the beneficial owner of an investment into India is situated in or is a citizen of any such country. The value of investments proposed in the aforementioned proposals received by the Government is […...
Posted Under:
Fema / RBI
|
News
Taper 2022: Touchdown in Turbulence
editor2
12 Mar 2022
0 comment
Hawkish tones in systemically important policy pivots in early 2022 confirmed the worst fears of financial markets – the age of abundant liquidity is drawing to a close. Financial assets, which were buoyed by liquidity into stretched valuations, are being re-priced....
Posted Under:
Fema / RBI
|
News
RBI Monetary Policy and Central Bank Communication
TG Team
06 Mar 2022
0 comment
Central banks remain at the heart of modern monetary and financial systems. They have several instruments at their disposal to carry out their wide-ranging mandate which includes monetary policy as the prime tool to achieve macroeconomic stability....
Posted Under:
Fema / RBI
|
News
Banning cryptocurrency is most advisable : Deputy Governor, RBI
editor1
16 Feb 2022
0 comment
Cryptocurrencies threaten the financial sovereignty of a country and make it susceptible to strategic manipulation by private corporates creating these currencies or Governments that control them. All these factors lead to the conclusion that banning cryptocurrency is perhaps the most advisable choice open to India....
Posted Under:
Fema / RBI
|
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