Fema / RBI : Discover RBI's stringent guidelines on digital lending post-COVID. Learn key regulations for banks and NBFCs, ensuring fair practi...
Fema / RBI : Gain insight into the RBI circular clarifying overseas investment rules for resident individuals and listed Indian companies, incl...
Fema / RBI : Explore RBI's forward-looking surveys on consumer confidence, inflation expectations, and economic forecasts. Understand their imp...
Fema / RBI : Learn how to compute Adjusted Net Bank Credit (ANBC) for Priority Sector Lending (PSL) targets, including adjustments for PSLC, TL...
Fema / RBI : Explore the evolution of the Deposit Insurance and Credit Guarantee Corporation (DICGC) and its impact on safeguarding deposits in...
Fema / RBI : The ability for cardholders to determine their billing cycle signifies that credit cards are not merely tools for cashless transac...
Fema / RBI : Explore FAQs on Credit Card Issuance, Activation, Usage, and Complaints. Understand rules, rights, and procedures in the Master Di...
Fema / RBI : 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....
Corporate Law : Reserve Bank of India (RBI) has released a comprehensive report by the Inter-Departmental Group (IDG) on the internationalisation...
Corporate Law : Delve into the RBI’s 2023 Circular highlighting regulatory guidelines on compromise settlements with wilful defaulters and fraud...
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 : fter a detailed assessment of the evolving macroeconomic and financial developments and the outlook, it decided by a 4 to 2 majori...
Fema / RBI : RBI unveils the definitive framework for recognizing Self-Regulatory Organizations (SROs) in the FinTech sector, aiming for balanc...
Fema / RBI : Discover the RBI's new PRAVAAH portal, streamlining regulatory approvals. Apply online seamlessly with key features. Track your ap...
Income Tax : The Ministry of Finance exempts RBI from Section 206CCA of Income Tax Act, 1961 through Notification No. 46/2024 dated 27th May, 2...
Fema / RBI : RBI's internal review leads to withdrawal of outdated circulars from 1995 to 2006. Learn the details, implications, and analysis o...
What will be in store for Punjab Maharashtra Coop Bank depositors, creditors if the proposed Scheme of amalgamation gets notified? Preamble and Background After a big fraud that was reported, in September 2019, inspections conducted by RBI showed complete erosion of capital and substantial deposit erosion of the bank. The RBI issued ‘All-Inclusive Directions’ to […]
Yesterday’s many financial newspapers carried news: The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on SBI for holding shares in borrower company of an amount exceeding 30 percent of the paid-up share capital of the company. Relevant Text of the RBI Press release dated Nov 26, 2021 is […]
Reserve Bank of India constituted a working group on digital lending on January 13, 2021 to study digital lending activities undertaken by both regulated financial sector and unregulated players to develop a regulatory approach for easy working. Its report running 151 pages is now available. It has 5 sections with the following broad contour. Section […]
Will Reserve Bank – Integrated Ombudsman Scheme, 2021 be a game-changer, swiftly address consumer grievances in RBI regulated entities? A critical analysis Important note to readers and Background: The write-up is a bit lengthy but I am sure it will serve as one source of reference to millions of consumers dealing with Banks, NBFCs, and […]
Earlier, it was very difficult for a retail investor to invest in Government Securities (G-Sec)/Treasury Bills (T-Bills)/Sovereign Gold Bond (SGB)/State Development Loan (SDL) due to lack of information about trading/dealings in these instruments, functioning of G-Sec market and more on.
We have heard of institutions dealing with government securities at various stages and many retailers wanted to invest or trade in them. RBI heard the requests of retailers and has come out with the following scheme, just yesterday. Let us learn the epoch- making development in detail. The highlights of the ‘RBI Retail Direct’ scheme […]
Address by Shri Shaktikanta Das, Governor, Reserve Bank of India at the National Academy of Audit and Accounts (NAAA), Shimla on October 25, 2021 is the motivation for this article. His speech is available in RBI website. Though I have covered major part of his speech, enough input on the necessity of audit, the procedure […]
(Updated as on October 1, 2021) Q.1. What is the definition of MSME? Ans. In terms of Government of India Gazette Notification S.O. 2119 (E) dated June 26, 2020 the definition of micro, small and medium enterprises is as under: (i) A micro enterprise is an enterprise where the investment in plant and machinery or equipment […]
Money-laundering can be defined as a process by which a person makes huge income out of the illicitly obtained money and he has placed it into a chain of transactions to hide its origin. Section 3 of Prevention of Money laundering Act, 2002 defines offences of Money-laundering. This article is small attempt to examine the […]
Reserve Bank of India has mandates all NBFC’s to file NBFC returns in XBRL mode starting from FY 19-20. I have tried to cover all possible FAQ on XRBL returns through this article in FAQ form for better understanding and quick reference; Q1 What is XBRL return? Ans. XBRL stands for eXtensible Business Reporting Language. […]
