Fema / RBI : A regulatory sandbox allows fintech, especially start ups to test their products with fewer regulatory requirements, with less ris...
Fema / RBI : RBI cuts repo rate to 6.25%, revises GDP and inflation forecasts, introduces forward contracts in G-Secs, enhances cybersecurity, ...
Fema / RBI : With fiscal prudence in focus, will the RBI cut rates or use other tools? As global economies adjust, all eyes are on India's mone...
Fema / RBI : Concerns rise over improper practices in microfinance involving misuse of Rule 12 Declarations and MGT-14 forms by private and Sec...
Fema / RBI : Key updates on the regulatory framework for microfinance loans including borrower guidelines, loan repayment, and charges. Underst...
Fema / RBI : The Indian Rupee has depreciated against the US Dollar over the past decade. The government explains causes, trade impacts, and RB...
Fema / RBI : The Indian government takes measures to regulate digital lending platforms and protect citizens from exploitation by unauthorized ...
Fema / RBI : The government’s actions on gold price regulation, import duty reduction, RBI purchases, and support for consumers amid a 40% in...
Fema / RBI : Government clarifies no policy for writing off loans of willful defaulters. Banks handle write-offs as per RBI guidelines, retaini...
Fema / RBI : RBI seeks applications from faculty for research scholarships in economics and finance. Deadline: November 5, 2024. Duration: 3 mo...
Fema / RBI : RBI directs NBFCs to adhere to a Rs 20,000 cash loan disbursement limit, aiming to regulate cash transactions and enforce complian...
Corporate Law : Unraveling the NCLAT Chennai verdict in the GVK Energy Vs Axis Bank case, underscoring the supremacy of IBC over RBI's directions ...
Company Law : Reserve Bank of India Vs Srei Infrastructure Finance Limited (NCLT Kolkata) 1. The Court convened via video conferencing. 2. This ...
Fema / RBI : Supreme Court mandates strict procedures for bank lockers. Ensure compliance, notify changes, maintain records. Judgment details i...
Fema / RBI : In re Cognizance for Extension of Limitation (Supreme Court) With reference to the prayer, that the period of validity of a cheque...
Fema / RBI : RBI issues guidelines for reporting and accounting of March 2025 government transactions, with deadlines and procedures for agency...
Fema / RBI : The RBI has revised risk weights on microfinance loans, setting them at 100% for RRBs and LABs while excluding consumer credit mic...
Fema / RBI : RBI restores risk weights on SCB exposures to NBFCs, reversing the 25% increase from November 2023. New rules take effect from Apr...
Fema / RBI : The RBI has revised prudential norms for Urban Co-Op Banks, including small loan limits, real estate exposure, and provisioning re...
Fema / RBI : RBI introduces RBIDATA mobile app, providing macroeconomic and financial data on the Indian economy with interactive charts and se...
Volatility in lending and deposit rates witnessed during the year is expected to end in 2009 with interest rates seen to be going down, due primarily to an easy monetary stance being pursued by the Reserve Bank of India] to push growth.
The farm loan waiver scheme may not trigger a tendency among farmers to default intentionally, Amarendra Sahoo, chief general manager, rural planning and credit department, Reserve Bank of India , said on Thursday. “The farm loan waiver may not impact. Some farmers may wilfully default. But genuine people will repay loans,” Sahoo said. Many bankers have been expressing concern that the farm loan waiver scheme announced in Union Budget for 2008-09 would have an impact on farmers’ credit discipline.
The Reserve Bank of India has started a review of the non-performing asset or bad loan classification norms to ease the flow of credit to corporate groups. The move follows a reference from the government and is aimed at relaxing the norms temporarily to enable companies to access funds during the economic downturn that is putting pressure on cash flows and repayment capabilities.
The use of monetary policy to stabilise growth has always been subject to concerns about effectiveness, often described as ‘pushing on a string.’ The central bank can lower rates and inject liquidity all it wants, but these measures will only have the desired impact if they translate into lower lending rates and larger flows of credit from the banking system.
Under the general permission available, the following categories can freely purchase immovable property in India: i) Non-Resident Indian (NRI)- that is a citizen of India resident outside India ii) Person of Indian Origin (PIO)- that is an individual (not being a citizen of Pakistan or Bangladesh or Sri Lanka or Afghanistan or China or Iran or Nepal or Bhutan), who
Following are the highlights of the mid-term review of India’s monetary policy conducted by Reserve Bank of India (RBI) Governor D. Subbarao Friday: – Bank rate, repo rate and reverse repo rate kept unchanged , Flexibility retained to conduct overnight auctions of securities. Cash reserve ratio kept unchanged at 6.5 per cent. Floating rate bonds to be issued at appropriate time. Interest rate futures contracts to be launched in early 2009.
The Reserve Bank of India has asked small non banking financial companies (NBFCs) to curtail their public deposits. In a notification put out on Monday, the RBI has tightened the rules governing access to such public deposits. It said that NBFCs with a net owned fund (NoF) of between Rs 25 lakh and Rs 2 crore, must limit their public deposits to the level of their net owned funds as against the current ceiling of 1.5 times the net owned funds.
Automated Teller Machines (ATMs) have gained prominence as a delivery channel for banking transactions in India. Banks have been deploying ATMs to increase their reach. While ATMs facilitate a variety of banking transactions for customers, their main utility has been for cash withdrawal and balance enquiry. As at the end of December 2007, the number of ATMs deployed in India was 32,342. Commensurate with the branch network, larger banks have deployed more ATMs. Most banks prefer to deploy ATMs at locations where they have a large customer base or expect considerable use. To increase the usage of ATMs as a delivery channel, banks have also entered into bilateral or multilateral arrangements with other banks to have inter-bank ATM networks.
The finance ministry is expected to announce the abolition of tax deducted at source (TDS) on corporate bonds in Budget 2008-09, official sources told media. The move is expected to stoke the near-dormant secondary market in corporate bonds by bringing them on a par with government securities (G-Secs). TDS on G-Secs was abolished in 2000, a move that had a positive impact on secondary trading in these bonds.
The Reserve Bank of India (RBI) has clarified that a company in the structure of Hindu undivided family (HUF) cannot access public deposits if it is in the business of finance and on-lending. It can only access funds from relatives and family members. However, companies of such structures can access public deposits (inter-corporate deposits) as defined under the company law if their operation is other than financing.
