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RBI Draft Circular: Declaration of Dividend and Profit Remittance Guidelines

January 2, 2024 2184 Views 0 comment Print

The Reserve Bank of India issues a draft circular on banks declaring dividends and foreign bank branches remitting profits. Learn about the proposed guidelines.

Withdrawal of ₹2000 Banknotes: RBI Reports 97.38% Return as of December 2023

January 1, 2024 705 Views 0 comment Print

Explore the latest update on the withdrawal of ₹2000 banknotes by the Reserve Bank of India. As of December 2023, 97.38% of the total value in circulation has been returned, highlighting the progress in this currency initiative.

Advisory on functionalities available on GST portal for GTA taxpayers

January 1, 2024 12990 Views 0 comment Print

Explore the essential functionalities on the GTA Taxpayers portal for Goods and Services Tax (GST) compliance. Learn to file declarations, access forms, and stay updated effortlessly

Advisory: Date extension for reporting opening balance for ITC reversal

December 29, 2023 6090 Views 0 comment Print

In a move aimed at facilitating taxpayers and ensuring accurate reporting of Input Tax Credit (ITC) reversal, the Goods and Services Tax (GST) authorities have introduced a new ledger named the Electronic Credit and Re-claimed Statement on the GST portal.

RBI releases 2023 list of Domestic Systemically Important Banks (D-SIBs)

December 28, 2023 4011 Views 0 comment Print

Explore the Reserve Bank of India’s 2023 list of Domestic Systemically Important Banks (D-SIBs). SBI and HDFC move to higher buckets, affecting CET1 requirements from April 1, 2025.

RBI Draft Directions on Bond Forwards under Section 45W of RBI Act, 1934

December 28, 2023 1185 Views 0 comment Print

Explore the RBI Draft Directions on Bond Forwards under Section 45W of the RBI Act, 1934. Learn about market participation, settlement methods, and compliance. Deadline for feedback: January 25, 2024.

D-SIB Framework – Review of Assessment Methodology

December 28, 2023 2124 Views 0 comment Print

Discover the latest updates from the Reserve Bank of India as it revises the framework for Domestic Systemically Important Banks (D-SIBs). Learn about changes in indicators, assessment timelines, and data requirements

Draft Licensing Framework for Authorised Persons (APs) under FEMA

December 26, 2023 2115 Views 0 comment Print

Explore Reserve Bank of India’s latest draft Licensing Framework for Authorised Persons (APs) under FEMA. Learn about the proposed changes, its impact on the Indian economy, and how stakeholders can provide feedback. Stay informed on the evolving financial landscape

RBI Seeks Input on Draft Omnibus Framework for SRO Recognition

December 21, 2023 732 Views 0 comment Print

Explore the Reserve Bank of India’s draft framework for recognizing Self-Regulatory Organizations (SROs). Provide feedback by January 25, 2024, to shape the final framework.

RBI kept policy repo rate under LAF unchanged at 6.50 per cent

December 8, 2023 843 Views 0 comment Print

Reserve Bank of India Monetary Policy Statement, 2023-24 Resolution of the Monetary Policy Committee (MPC) December 6 to 8, 2023 On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (December 8, 2023) decided to: Keep the policy repo rate under the liquidity […]

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