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...
RBIs new framework for Green Deposits effective from June 2023. Understand the meaning, actionable steps, and exclusions. Regulated entities include banks, NBFCs, and HFCs. Allocate deposits towards renewable energy, climate resilience, biodiversity, and more. Explore the comprehensive policy requirements and reporting mandates. Stay informed about excluded projects and mandatory impact assessments. Think green for a sustainable future. Source: RBI’s Framework for acceptance of Green Deposits.
RBIs Monetary Policy Committee (MPC) keeps key interest rates steady at 6.50%, citing a resilient global economy and strong domestic growth. Explore the factors influencing the decision, including India’s growth rate, inflation concerns, and global economic activity. Understand the significance of maintaining the policy repo rate, standing deposit facility rate, and marginal standing facility rate in supporting growth while controlling inflation. Stay informed about the evolving macroeconomic situation and the MPC’s focus on achieving the medium-term target for CPI inflation
Understand RBI’s recent Master Direction on Outsourcing of Information Technology Services effective from October 1, 2023. Explore key requirements, risk management, and compliance measures for a seamless IT outsourcing strategy. Stay informed with a comprehensive summary. Source: RBI Guidelines, 2023.
Discover the reality behind charges on UPI payments. NPCI’s recent announcement clarified that direct bank-to-bank UPI transactions will remain free. However, fees may apply for prepaid instruments on merchant payments above Rs. 2000 from April 1, 2023. Stay informed about UPI changes. Source: NPCI Circular, UPI Payments, Digital Transactions, Payment Gateway Updates.
According to section 6(4) of the FEMA, a person resident in India can hold, own, transfer or invest in any immovable property situated outside India if such property was acquired, held or owned by him/her when he/she was resident outside India or inherited from a person resident outside India.
UNIFIED PAYMENTS INTERFACE is known as UPI. A real-time payment system makes interbank transactions easier by instantaneously moving money between two bank accounts using a mobile device or online banking platform.
Discover the advantages of RuPay Credit Cards in India’s national payment system. From lower transaction fees to enhanced security features, RuPay offers affordability, accessibility, and exclusive benefits. Learn why it’s becoming a preferred choice for businesses and consumers in India.
Explore the FAQs on Legal Entity Identifier (LEI) for Borrowers, covering RBI and IRDAI mandates. Learn about application processes, eligibility, and the significance of LEI in financial transactions. Stay compliant with the latest circulars and deadlines.
All government transactions done by agency banks for the Financial Year 2022-23 must be accounted for within the same financial year. Accordingly, the following arrangements are put in place to report and account for Government transactions for March 31, 2023.
Discover the fallout of the SVB-US Tech Bank collapse. Learn about the banks history, its role in Silicon Valley, reasons for failure, and the implications for startups and investors.
