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 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...
Fema / RBI : The issue was fragmented regulations on NRI debt investments. RBI consolidated and updated directions to streamline compliance und...
Banks in India offer various accounts to suit all sorts of financial needs. Savings accounts, salary accounts, and current accounts being the most prominent ones, are extensively used to accommodate monetary and transactional requirements of different natures.
The question of existing contractual arrangements of default structured Guarantee is not tenable here as RBI puts complete prohibition on Default structured Guarantee arrangement treating them as synthetic securitisation transaction by providing reference to the master direction– Reserve Bank of India (Securitisation of Standard Assets) Directions, 2021
Learn about the recent updates in RBI’s Safe Deposit Locker guidelines, know your rights, responsibilities and secure your valuable assets effectively.
The Reserve Bank of India recently came up with guidelines on Default Loss Guarantee (DLG) in digital lending that is effective from 8th June 2023.[i] Before delving into DLG, it is important to define the term digital lending. As per the Reserve Bank of India, digital lending is defined as a remote and automated lending […]
Delve into the RBI’s 2023 Circular highlighting regulatory guidelines on compromise settlements with wilful defaulters and fraudulent borrowers, along with technical write-offs. Uncover what it means for lenders and borrowers
Addressing circulating media reports, the Reserve Bank of India emphatically denies allegations of missing banknotes. The RBI stresses the presence of robust systems for banknote reconciliation, urging the public to rely on official RBI releases.
Explore the significance, effects, and current outlook of repo rates in India. The Reserve Bank of India’s (RBI) recent decision to keep the repo rate unchanged at 6.5% has implications for interest rates, credit availability, and economic activity. Understand how changes in repo rates impact individuals, businesses, loans, and deposits. Stay informed about the current scenario and the potential future outlook.
Article explains latest judgement of Indian Apex Court that the RBI’s Master Directions on Fraud must adhere to the principles of natural justice when classifying a borrower’s account as fraud. This analysis breaks down the judgement, its impacts, and what it means for borrowers. The article also dissects the principles of natural justice and their application to the Master Directions, particularly the right to be heard and the right to reputation. A must-read for those interested in Indian banking regulation and natural justice.
The RBI Act, 1934, establishes the framework for the Reserve Bank of India (RBI), outlining its objectives, functions, and relationship with the government. Explore the Act’s provisions on monetary policy, banking regulation, currency issuance, and the government-RBI relationship. Stay informed about the legal framework governing Indias central banking institution.
Understand the implications of depositing the Rs. 2000 note in banks amid its withdrawal from circulation. Explore challenges, income tax considerations, and the need for accurate currency note counts for a smoother transition.
