Fema / RBI : Discover RBI's liberalized remittance rules for IFSCs under LRS, allowing all permissible transactions. Learn about IFSCs, LRS eli...
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 : Discover RBI's third global hackathon, 'HaRBInger 2024 - Innovation for Transformation,' aimed at enhancing India's financial land...
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...
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...
After Bank of Rajasthan – ICICI Bank merger, while more old banks may fall prey to such inorganic growth hunger of banks wanting to become bigger in short run, another major development going to be in the banking space is the entry of new private sector players in the banking arena.
As a follow-up to one of the recommendations of the 13th Finance Commission, the Government has set-up a committee headed by Deputy Governor, Reserve Bank of India for comprehensive review of National Small Savings Fund (NSSF) structure, interest rate, tenor and other administrative matters. The terms of reference of the Committee include, inter alia, review of the existing parameters for the small saving schemes, terms of lending to States and other related issues.
The profitability of RRBs, as a segment, has been improving. However, some of the factors responsible for losses in RRBs are identified as : low recovery, high NPA, low business level, low productivity per branch and per staff, high cost structure, poor financial management, limited area of operation, non-viable level of operation in branches located in resource-poor areas etc. Further, one of the RRBs, namely Puduval Bharthiar Grama Bank, which was set up in March 2008, has not yet reached a breakeven point;
The Reserve Bank of India (RBI) having considered it necessary in public interest and to regulate the financial system of the country to its advantage had laid draft guidelines on the regulation of issue of non-convertible debentures (NCDs) with maturity of less than one year .
Many non-banking finance companies (NBFCs) have made investment in overseas ventures without the regulatory clearance by Reserve Bank of India (RBI). A Statement with the details of the NBFCs, registered with Securities and Exchange Board of India (SEBI), which have made investments in overseas Joint Ventures/ Wholly Owned Subsidiaries without approval of the Reserve Bank of India (RBI) during the last three years and action taken is attached as Annex -I. Similar Statement in respect of other NBFCs is at Annex-II.
The Reserve Bank on Wednesday suggested lowering the foreign investment limit in new private sector banks to below 50 per cent from 74 per cent currently, in order to strengthen the local banks.
The Reserve Bank of India does not have any estimate of alleged illegal gold transactions going on in the country, according an RTI reply. The application addressed to the Finance Ministry was transferred to the Bankers’ Bank for a reply on the issue of illegal gold transactions, ‘hawala’ trade and blackmoney stashed away in banks abroad, but the RBI said it had no information on these issue.
In terms of Reserve Bank of India (RBI) Master Circular dated July 1, 2010 on Customer Service, banks have been advised that they should exercise due care and necessary precautions for the protection of the lockers provided to the customer.
The Base Rate system has replaced the Benchmark Prime Lending Rate (BPLR) system with effect from July 1, 2010. Since the Base Rate is the minimum rate for all loans, banks are not permitted to resort to any lending below the Base Rate. Accordingly, the current stipulation of BPLR as the ceiling rate for loans up to Rs. 2 lakh stands withdrawn.
“As you may be aware, the export and import of currency notes of Government of India and Reserve Bank of India of denominations of above Rs.100 is not allowed to and from Nepal and Bhutan in terms of Notification No. FEMA 6 / RB-2000 dated 3.5.2000 issued under Foreign Exchange Management (Export and Import of Currency) Regulations, 2000 by the Reserve Bank of India.
