Fema / RBI : RBI plans to ease registration norms for low-risk NBFCs to reduce compliance burden. The move aims to encourage innovation while m...
CA, CS, CMA : CBDT corrected multiple ITR forms to fix structural and computational errors. The update ensures accurate tax reporting and reduce...
Fema / RBI : The issue concerns liability in unauthorised digital transactions. The ruling insight highlights that absence of a clear definitio...
Fema / RBI : The RBI maintained key policy rates unchanged, signaling confidence in economic stability and controlled inflation. The decision r...
CA, CS, CMA : The latest amendments aim to simplify compliance and promote investment while reducing penalties. The update signals a major shift...
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 : The Reserve Bank of India has proposed a clear 5% IFR requirement for rural co-operative banks’ current investments. This change...
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 : Rajasthan High Court stays a ₹7 crore deposit for Tijaria Polypipes' OTS, directing Bank of India to comply with RBI circulars a...
Fema / RBI : RBI directs NBFCs to adhere to a Rs 20,000 cash loan disbursement limit, aiming to regulate cash transactions and enforce complian...
Fema / RBI : The RBI has consolidated all previous e-mandate guidelines into a single framework governing recurring digital payments. The key t...
Fema / RBI : The update prohibits most INR derivative contracts with related entities. Only specific transactions such as cancellations and non...
Fema / RBI : The issue involved restrictive branch approval requirements for NBFCs. RBI removed prior approval norms, allowing easier expansion...
Fema / RBI : The RBI proposes replacing the existing dual methodology with a single asset-based criterion for identifying NBFC-UL entities. The...
Fema / RBI : The discussion paper addresses increasing APP frauds and proposes preventive safeguards like transaction delays and authentication...
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 Section 35A of the Banking […]
Gold in India As per the annual gold survey it comes out that 171,300 -200,000 metric tons of gold on the earth World’s largest gold holding country is USA holds 8, 1335 metric tons of gold USA is the country having largest gold in forex reserves i.e.; 79.1% India’s gold holding is 653.01 tons here […]
Submission of annual return on FLA through the web-based FLAIR portal for financial year 2019-20 has been started. Entities which are filing FLA return for the first time/ with revised UIN (Unique identification number) are required to register themselves first for generating login credentials and they can file FLA return. However, the entities which have […]
A. Special Liquidity Scheme for Non Banking Finance Companies and Housing Finance Companies Relevant Date: 01.07.2020 Relevant Notification: By RBI Notification No. RBI/2020-21/01- DoR (NBFC) (PD) CC.No.113/03.10.001/2020-21 What is New under the Notification? Purpose As per the notification dated 01.07.2020 the Government of India has approved a Scheme call ‘Special Liquidity Scheme, to improve the […]
After discontinuing its 7.75% fixed interest rate bonds on 28th May 2020, the RBI has come out with new ‘Floating rate savings bonds‘ on 26th June 2020 which will be available from 1st July 2020. Article explains Who can buy RBI ‘Floating Rate Savings Bonds’ and nomination facility, Face Value, tenure and interest rate of […]
I am among those investors who wonder what has happened to the investment pattern of leading Indian industries who roared with huge financial leverage( It is defined as financial borrowing to generate income to overcome its cost of acquisition) after Indian economy skyrocketing during the past decade, and why no suitable income generated for the […]
R.B.I. periodically publishes its research papers titled “Occasional papers” every year. On March 17, 2020, it published one under the title ‘Can financial markets predict banking distress: evidence from India’ which was undertaken by Dr. Snehal S. Herwadkar, Director and Mr. Bhanu Pratap, Manager in the Department of Economic and Policy Research, Reserve Bank of […]
RBI supervision of Financial Market Infrastructures (FMIs) and Retail Payment Systems (RPSs) The recent document on Financial Market Infrastructures (FMIs) and Retail Payment Systems (RPSs) by RBI in its web site dated 13th June 2020 is the discussion of this article. A Financial Market Infrastructure (FMI) is defined as a multilateral system among participating institutions, […]
RBI has constituted an Internal Working Group to review guidelines on ownership, governance and corporate structure of private sector banks taking into account the giant strides made by them in the recent past since 2002 onward. The new guidelines to be formed internally within RBI would also be put up in their web site for […]
Recent HFCs have shown a tendency to violate sacred or ethical value for housing projects which propelled the usual humble seeker of a residential house, a life time goal for any poor or middle class Indian to book for a house, face enormous miseries.
