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Revision of fees for Limited Insolvency Examination & Valuation Exams

September 1, 2022 2787 Views 0 comment Print

Presently, the examination fee of Rs. 1,500+ applicable GST, i.e. Rs.1,770 is payable per enrolment for each of these exams. It has been decided that the fee of Rs. 5,000+ applicable GST, i.e. Rs. 5,900 for the LIE or Valuation Examinations shall be payable for each enrolment on or after 01st October 2022.

RBI lifts business restrictions imposed on American Express Banking Corp

August 24, 2022 432 Views 0 comment Print

RBI lifts business restrictions imposed on American Express Banking Corp In view of the satisfactory compliance demonstrated by it

RBI releases Discussion Paper on Charges in Payment Systems

August 17, 2022 2349 Views 0 comment Print

Discussion Paper on Charges in Payment Systems covers all aspects relating to charges in payment systems [such as Immediate Payment Service (IMPS), National Electronic Funds Transfer (NEFT) system, Real Time Gross Settlement (RTGS) system and Unified Payments Interface (UPI)] and various payment instruments [such as debit cards, credit cards and Prepaid Payment Instruments (PPIs)], etc.

Outsourcing of Financial Services – Responsibilities of regulated entities employing Recovery Agents

August 12, 2022 5445 Views 0 comment Print

Existing Guidelines/Directions issued by the Reserve Bank of India referring to/governing the ‘Outsourcing of Financial Services’ and ‘Recovery Agents’

Recommendations of Working group on Digital Lending – Implementation

August 10, 2022 828 Views 0 comment Print

Reserve Bank is statutorily mandated to operate the credit system of the country to its advantage1. In this endeavour, the Reserve Bank has encouraged innovation in the financial system, products and credit delivery methods while ensuring their orderly growth, preserving financing stability and ensuring protection of depositors’ and customers’ interest.

RBI cancels licence of Rupee Co-operative Bank Ltd, Pune

August 10, 2022 825 Views 0 comment Print

Reserve Bank of India (RBI), vide order dated August 08, 2022, has cancelled the licence of “Rupee Co-operative Bank Ltd, Pune

RBI increases repo rate by 50 basis points to 5.40 (Read Press Release)

August 5, 2022 816 Views 0 comment Print

Monetary Policy Committee (MPC) at its meeting today (August 5, 2022) decided to: Increase the policy repo rate under the liquidity adjustment facility (LAF) by 50 basis points to 5.40 per cent with immediate effect.

SEBI constitutes FPI Advisory Committee for facilitation of investments

August 5, 2022 1005 Views 0 comment Print

SEBI constituted a Standing Committee to facilitate FPI investments & to advise SEBI on policy matters relating to Foreign Portfolio Investors

Introducing Single Click Nil Filing of GSTR-1

August 2, 2022 2226 Views 0 comment Print

Goods and Services Tax Introducing Single Click Nil Filing of GSTR-1 02/08/2022 Single click Nil filing of GSTR-1 has been introduced on the GSTN portal to improve the user experience and performance of GSTR-1/IFF filing. Taxpayers can now file NIL GSTR-1 return by simply ticking the checkbox File NIL GSTR-1 available at GSTR-1 dashboard. For […]

SEBI signs MoU with the Financial Regulatory Commission, Mongolia

July 27, 2022 549 Views 0 comment Print

SEBI and FRC, Mongolia have entered into a bilateral MoU for mutual co-operation and technical assistance. The MoU has been signed by Ms. Madhabi Puri Buch, Chairperson, SEBI and Mr. Bayarsaikhan Dembereldash, Chairman, FRC.

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