FEMA & Banking

Blog, News, FEMA & Banking

August 28, 2023

CMM/DM Can’t Pronounce any Judgment on Borrower’s Objections as They Have Only Administrative Powers u/s 14 of SARFAESI Act | HC

Case Details: L&T Finance Ltd. … Continue reading “CMM/DM Can’t Pronounce any Judgment on Borrower’s Objections as They Have Only Administrative Powers u/s 14 of SARFAESI Act | HC”

News, Blog, FEMA & Banking

August 28, 2023

Insurers Must Submit a Board-approved Reinsurance Plan Within 45 Days from Commencement of FY | IRDAI

Notification F. No. IRDAI/Reg/5/193/2023, Dated: … Continue reading “Insurers Must Submit a Board-approved Reinsurance Plan Within 45 Days from Commencement of FY | IRDAI”

Blog, News, FEMA & Banking

August 28, 2023

HC Rejects Plea to Quash Summon Order as Disputes Relating to Cheque & Its Dishonour by Director Were Triable Issues

Case Details: Ambika Narang v. … Continue reading “HC Rejects Plea to Quash Summon Order as Disputes Relating to Cheque & Its Dishonour by Director Were Triable Issues”

Blog, Advisory, FEMA & Banking

April 25, 2024

[Analysis] Decoding RBI’s New Rules | Know How Your EMIs and Loan Eligibilities Would Impact?

Table of Contents Introduction Banks/FIs … Continue reading “[Analysis] Decoding RBI’s New Rules | Know How Your EMIs and Loan Eligibilities Would Impact?”

Blog, News, FEMA & Banking

August 19, 2023

RBI Permits ‘Infrastructure Debt Funds-NBFCs’ to Raise Funds Through Loan Route Under ECBs

Circular No. RBI/2023-24/54 DoR.SIG.FIN.REC.31/03.10.001/2023-24, Dated … Continue reading “RBI Permits ‘Infrastructure Debt Funds-NBFCs’ to Raise Funds Through Loan Route Under ECBs”

News, Blog, FEMA & Banking

August 19, 2023

RBI Directs Banks to Allow Flexibility to Borrowers to Change Loan Tenure/EMIs & to Switch to a Fixed Rate of Interest

Circular No. RBI/2023-24/55 DOR.MCS.REC.32/01.01.003/2023-24, Dated … Continue reading “RBI Directs Banks to Allow Flexibility to Borrowers to Change Loan Tenure/EMIs & to Switch to a Fixed Rate of Interest”

Blog, Advisory, FEMA & Banking

April 25, 2024

[Analysis] RBI’s Guidelines on Penal Charges Ensure Responsible Lending Practices

Table of Contents Introduction RBI … Continue reading “[Analysis] RBI’s Guidelines on Penal Charges Ensure Responsible Lending Practices”

Blog, News, FEMA & Banking

August 18, 2023

RBI Launches Pilot Project for ‘Public Tech Platform’ Enabling Frictionless Credit Processing

Press Release: 2023-2024/750, Dated: 14.08.2023 … Continue reading “RBI Launches Pilot Project for ‘Public Tech Platform’ Enabling Frictionless Credit Processing”

Blog, News, FEMA & Banking

August 14, 2023

FCRA Annual Return was Valid Where Petitioner had Opened Belated SEBI Bank a/c & Paid Penalty Amount | HC

Case Details: Helping Hands Jaipur … Continue reading “FCRA Annual Return was Valid Where Petitioner had Opened Belated SEBI Bank a/c & Paid Penalty Amount | HC”

News, Blog, FEMA & Banking

August 14, 2023

RBI Directs all SCBs/RRBs/UCBs/State Co-operative Banks to Maintain an Additional Cash Reserve Ratio of 10%

Circular no. RBI/2023-24/52 DOR.RET.REC.29/12.01.001/2023-24; Dated: … Continue reading “RBI Directs all SCBs/RRBs/UCBs/State Co-operative Banks to Maintain an Additional Cash Reserve Ratio of 10%”