reserve bank of india

Applicability of provisions to collect taxes at source (TCS) on foreign payments

CA, CS, CMA - Explore the latest changes in the Liberalized Remittance Scheme (LRS) and Income Tax regulations impacting international remittances and taxation. Stay informed with this comprehensive guide....

RBI 2024 Guidelines: Master Direction on Short-Term Commercial Paper & Debentures

CA, CS, CMA - RBI's Master Directions 2024 mandates guidelines for issuing Commercial Papers and NCDs up to one year, focusing on eligibility, investment, and compliance....

Nostro & Vostro Accounts: Key Components of International Banking

CA, CS, CMA - Learn about nostro and vostro accounts, key banking tools for international transactions, exchange-rate hedging, and their significance in global finance....

Non-Compliance of RBI Guidelines: Impact on Financial Sector

CA, CS, CMA - The Paytm Bank breach of RBI's KYC norms raises concerns about compliance in the financial sector. Explore the implications of non-compliance, RBI directives, and the impact on national security....

RBI’s Repo Rate Unchanged: Sustaining Economic Equilibrium

CA, CS, CMA - Learn how changes in RBI's repo rate affect your EMIs. Explore impacts on loans, investments, and economic conditions in this insightful guide....

Rising UPI Transactions: A Paradigm Shift in India’s Digital Payment Landscape

CA, CS, CMA - Discover exponential growth of UPI transactions in India, from Rs. 1 lakh crore in FY 2017-18 to Rs. 139 lakh crore in FY 2022-23. Explore driving forces and government initiatives...

RBI Report on Internationalisation of INR: Prospects and Recommendations

CA, CS, CMA - Reserve Bank of India (RBI) has released a comprehensive report by the Inter-Departmental Group (IDG) on the internationalisation of INR. The report examines the potential of INR as an international currency and provides recommendations for its progress. Learn about the analysis, cross-country experiences, and the roadmap proposed by the...

RBI Framework for Compromise Settlements & Technical Write-offs – FAQs

CA, CS, CMA - Delve into the RBI’s 2023 Circular highlighting regulatory guidelines on compromise settlements with wilful defaulters and fraudulent borrowers, along with technical write-offs. Uncover what it means for lenders and borrowers...

RBI Draft Guidelines on Minimum Capital Requirements for Market Risk

CA, CS, CMA - Boundary between the banking book and the trading book - This chapter sets out the instruments to be included in the trading book (which are subject to market risk capital requirements) and those to be included in the banking book (which are subject to credit risk capital requirements)....

India likely to be second most important driver of global growth: RBI Governor

CA, CS, CMA - In spite of the pandemic and the war in Europe, India is going to contribute about 14 per cent of global growth. In fact, India is likely to be the second most important driver of global growth in 2022 after China....

GVK Energy Vs Axis Bank: IBC Prevails Over RBI Directions

GVK Energy Ltd Vs Axis Bank Limited (NCLAT Chennai) - Unraveling the NCLAT Chennai verdict in the GVK Energy Vs Axis Bank case, underscoring the supremacy of IBC over RBI's directions in loan agreements....

NCLT admits RBI application for initiating CIRP against Srei Infra

Reserve Bank of India Vs Srei Infrastructure Finance Limited (NCLT kolkata) - Reserve Bank of India Vs Srei Infrastructure Finance Limited (NCLT Kolkata) 1. The Court convened via video conferencing. 2. This is an application filed by the Reserve Bank of India (Appropriate Regulator) under section 227 read with section 239(2(zk) of the Insolvency and Bankruptcy Code, 2016 (in...

SC Lays Down Guidelines for Operation & Safety of Lockers

Amitabha Dasgupta Vs United Bank of India & Ors.  (Supreme Court Of India) - Supreme Court mandates strict procedures for bank lockers. Ensure compliance, notify changes, maintain records. Judgment details in Amitabha Dasgupta case....

SC refuses to interfere with period of validity of cheque

In re Cognizance for Extension of Limitation (Supreme Court) - In re Cognizance for Extension of Limitation (Supreme Court) With reference to the prayer, that the period of validity of a cheque be extended, we find that the said  period has  not  been  prescribed by  any Statute but  it  is  a  period  prescribed by the Reserve Bank of India under Sec...

Covid-19: HC restrains bank from taking coercive action for default in factoring facility

Eastman Auto & Power Limited Vs RBI (Delhi High Court) - The object of issuing notifications/circulars dated 27.03.2020 and 17.04.2020 was to provide financial relief in repayment due to COVID-19 to the parties who have availed the term loans and working capital facilities but this relief is not extended towards factoring facilities....

Revised Inclusion Norms for Urban Co-operative Banks in RBI’s Second Schedule

RBI/2023-24/115 DoR.REG/LIC.No.72/16.05.000/2023-24 - (17/01/2024) - Explore the latest circular from RBI outlining revised norms for inclusion of Urban Co-operative Banks in the Second Schedule. Learn about eligibility criteria and submission process....

Clearing the Air: RBI Addresses Allegations of Missing Banknotes

Press Release: 2023-2024/428 - (17/06/2023) - Addressing circulating media reports, the Reserve Bank of India emphatically denies allegations of missing banknotes. The RBI stresses the presence of robust systems for banknote reconciliation, urging the public to rely on official RBI releases....

RBI permits 22 entities for Aadhaar Authentication under PMLA

Notification No. S.O. 2119(E). - (04/05/2023) - Reserve Bank of India, hereby permits the said Reporting Entities to perform authentication under the Aadhaar Act for the purposes of section 11A of the Money Laundering Act...

Closing of Govt Accounts – Measures for Financial Year 2022-23

RBI/2022-23/186 CO.DGBA.GBD.No.S1490/42-01-029/2022-2023 - (21/03/2023) - All government transactions done by agency banks for the Financial Year 2022-23 must be accounted for within the same financial year. Accordingly, the following arrangements are put in place to report and account for Government transactions for March 31, 2023....

Guidelines on Statutory Branch Audit of Public Sector Banks

Ref. DoS.CO.ARG/S8213/08.91.001/2022-23 - (06/03/2023) - Source- Unconfirmed and based on File Received from Social Media Revised RBI Guidelines for Appointment / Re-appointment of Statutory Branch Auditors of Public Sector Banks and Norms on Business Coverage under Statutory Branch Audit of Public Sector Banks for the year ending March 31, 2023. Reserve ...

Recent Posts in "reserve bank of india"

Applicability of provisions to collect taxes at source (TCS) on foreign payments

Explore the latest changes in the Liberalized Remittance Scheme (LRS) and Income Tax regulations impacting international remittances and taxation. Stay informed with this comprehensive guide....

Posted Under: Fema / RBI |

RBI 2024 Guidelines: Master Direction on Short-Term Commercial Paper & Debentures

RBI's Master Directions 2024 mandates guidelines for issuing Commercial Papers and NCDs up to one year, focusing on eligibility, investment, and compliance....

Posted Under: Fema / RBI |

Nostro & Vostro Accounts: Key Components of International Banking

Learn about nostro and vostro accounts, key banking tools for international transactions, exchange-rate hedging, and their significance in global finance....

Posted Under: Fema / RBI |

Non-Compliance of RBI Guidelines: Impact on Financial Sector

The Paytm Bank breach of RBI's KYC norms raises concerns about compliance in the financial sector. Explore the implications of non-compliance, RBI directives, and the impact on national security....

Posted Under: Fema / RBI |

RBI’s Repo Rate Unchanged: Sustaining Economic Equilibrium

Learn how changes in RBI's repo rate affect your EMIs. Explore impacts on loans, investments, and economic conditions in this insightful guide....

Posted Under: Fema / RBI |

Customers obligation towards Banker- An Analysis

Explore legal obligations of customers towards bankers. Learn about drawing cheques, overdrawing, charges, and more. Understand rights and duties in banking relationships...

Posted Under: Fema / RBI |

Revised Inclusion Norms for Urban Co-operative Banks in RBI’s Second Schedule

RBI/2023-24/115 DoR.REG/LIC.No.72/16.05.000/2023-24 17/01/2024

Explore the latest circular from RBI outlining revised norms for inclusion of Urban Co-operative Banks in the Second Schedule. Learn about eligibility criteria and submission process....

Fair Lending Practice – Penal Charges in Loan Accounts: FAQs

Explore FAQs on penal charges in loan accounts based on RBI Circulars. Learn about application, exemptions, and guidelines for fair lending practices....

Posted Under: Fema / RBI |

Centralized Information Management System (CIMS) Return for NBFCs

Explore latest RBI circular mandating Non-Banking Financial Companies (NBFCs) to file returns on Centralized Information Management System (CIMS) platform. Learn registration process, filing steps, and crucial details for compliance....

Posted Under: Fema / RBI |

NRO to NRE Fund Transfer: A Step-by-Step Guide

Navigate the complexities of transitioning from NRO to NRE accounts seamlessly with this step-by-step guide. Understand RBI guidelines, update KYC details, open an NRE account, and ensure a smooth fund transfer process....

Posted Under: Fema / RBI |

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