RBI revises commission rates for agency banks from April 1, 2025. Payments vary by transaction type; e-receipts, pensions, and other services restructured.
RBI allows advance remittance up to USD 50 million for shipping vessel imports without bank guarantee or standby LC, aiming to improve business ease.
RBI introduces Separate Trading of Registered Interest and Principal of Securities (STRIPS) for State Government Securities. Eligible SGS and application process defined.
The RBI has revised KYC updation norms, allowing Business Correspondents to facilitate the process and advising banks to hold camps to address pendency.
RBI’s June 2025 circular amends rules for inoperative accounts and unclaimed deposits, enabling KYC updates at all branches, V-CIP, and via Business Correspondents.
RBI issues KYC Amendment Directions 2025, extending updation deadlines for low-risk customers, allowing BCs for KYC, and mandating multiple advance intimations.
Ministry of Finance designates specific NABARD bond as zero coupon for tax exemption. Learn about the bond’s maturity, discount, and issuance details.
Govt amends FEMA rules to allow Indian firms in FDI-prohibited sectors to issue bonus shares to non-resident shareholders, with no change in ownership.
Office Memorandum details updated GoM composition for Restructuring Compensation Cess, led by Union Minister of State for Finance.
Central Government notifies Greater Noida Industrial Development Authority under Income Tax Act, 1961, Section 10(46A), effective AY 2024-25.
