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 : RBI’s 2026 amendments impose a mandatory three-year cooling-off period after directors complete ten years on co-operative bank b...
Fema / RBI : The requirement applies if foreign assets or liabilities exist as of 31 March, even without fresh transactions. The rule ensures d...
Fema / RBI : RBI has standardized the 90-day NPA classification rule across all NBFC categories, including NBFC-BL entities, effective 31 March...
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 : Reimbursement of interim payments from insured banks in priority to other liabilities was a valid exercise of legislative competen...
Fema / RBI : The Court held that rejection of NBFC registration surrender solely due to meeting PBC was unsustainable without giving an opportu...
Fema / RBI : The court held that failure to apply Clause 3(d) of the RBI Master Circular invalidated the wilful defaulter declaration. Non-Exec...
Corporate Law : The court held that Ombudsman’s finding of customer negligence was unsustainable and directed bank to refund disputed amount. Th...
Corporate Law : Court ruled that protections under the RBI Circular apply only to third-party breaches and cannot be invoked to recast personal tr...
Fema / RBI : RBI has reiterated that old series banknotes issued before 2005 remain legal tender but should not be re-issued by banks. The circ...
Fema / RBI : The RBI has consolidated all directions relating to the withdrawal of ₹2000 banknotes from circulation. The circular reiterates ...
Fema / RBI : RBI has exempted eligible FCNR(B) deposits from CRR and SLR requirements until September 30, 2026. The measure is aimed at attract...
Fema / RBI : RBI has exempted fresh FCNR(B) deposits mobilized between June 8 and September 30, 2026 from CRR and SLR requirements. The move ai...
Fema / RBI : RBI has exempted eligible FCNR(B) deposits from CRR and SLR requirements for urban co-operative banks. The move aims to attract fo...
RBI proposed new regulations on how lenders can charge penalties on loans. Many lenders currently charge extra interest, known as penal interest, when a borrower fails to make their loan repayments on time or violates the loan terms.
RBIs new framework for Green Deposits effective from June 2023. Understand the meaning, actionable steps, and exclusions. Regulated entities include banks, NBFCs, and HFCs. Allocate deposits towards renewable energy, climate resilience, biodiversity, and more. Explore the comprehensive policy requirements and reporting mandates. Stay informed about excluded projects and mandatory impact assessments. Think green for a sustainable future. Source: RBI’s Framework for acceptance of Green Deposits.
RBIs Monetary Policy Committee (MPC) keeps key interest rates steady at 6.50%, citing a resilient global economy and strong domestic growth. Explore the factors influencing the decision, including India’s growth rate, inflation concerns, and global economic activity. Understand the significance of maintaining the policy repo rate, standing deposit facility rate, and marginal standing facility rate in supporting growth while controlling inflation. Stay informed about the evolving macroeconomic situation and the MPC’s focus on achieving the medium-term target for CPI inflation
Understand RBI’s recent Master Direction on Outsourcing of Information Technology Services effective from October 1, 2023. Explore key requirements, risk management, and compliance measures for a seamless IT outsourcing strategy. Stay informed with a comprehensive summary. Source: RBI Guidelines, 2023.
Discover the reality behind charges on UPI payments. NPCI’s recent announcement clarified that direct bank-to-bank UPI transactions will remain free. However, fees may apply for prepaid instruments on merchant payments above Rs. 2000 from April 1, 2023. Stay informed about UPI changes. Source: NPCI Circular, UPI Payments, Digital Transactions, Payment Gateway Updates.
According to section 6(4) of the FEMA, a person resident in India can hold, own, transfer or invest in any immovable property situated outside India if such property was acquired, held or owned by him/her when he/she was resident outside India or inherited from a person resident outside India.
UNIFIED PAYMENTS INTERFACE is known as UPI. A real-time payment system makes interbank transactions easier by instantaneously moving money between two bank accounts using a mobile device or online banking platform.
Discover the advantages of RuPay Credit Cards in India’s national payment system. From lower transaction fees to enhanced security features, RuPay offers affordability, accessibility, and exclusive benefits. Learn why it’s becoming a preferred choice for businesses and consumers in India.
Explore the FAQs on Legal Entity Identifier (LEI) for Borrowers, covering RBI and IRDAI mandates. Learn about application processes, eligibility, and the significance of LEI in financial transactions. Stay compliant with the latest circulars and deadlines.
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.
