FEMA & Banking

Blog, News, FEMA & Banking

May 2, 2025

RBI Mandates 3-Year Trade Record to Open Diamond Dollar Account

1. Background On 29 April … Continue reading “RBI Mandates 3-Year Trade Record to Open Diamond Dollar Account”

Blog, News, FEMA & Banking

May 1, 2025

IFSCA Removes Net Worth Requirement for Customers on India International Bullion Exchange

Circular No. IFSCA-DMC/3/2023-Dept. of Metals … Continue reading “IFSCA Removes Net Worth Requirement for Customers on India International Bullion Exchange”

Blog, News, FEMA & Banking

April 30, 2025

RBI Mandates Online Submission of Applications via PRAVAAH Portal From May 1 2025

Circular No. RBI/2025-26/34 DIT.CO.No.S-106/07.71.039/2025-26, Dated: … Continue reading “RBI Mandates Online Submission of Applications via PRAVAAH Portal From May 1 2025”

Blog, News, FEMA & Banking

April 30, 2025

RBI Directs 75% ATMs to Dispense Rs. 100/200 Notes by September 2025

Circular No. RBI/2025-26/33 DCM.RMMT.No.S312/20-02-001/2025-2026, Dated: … Continue reading “RBI Directs 75% ATMs to Dispense Rs. 100/200 Notes by September 2025”

Blog, News, FEMA & Banking

April 29, 2025

SC Quashes FIR Against Bank Manager Not Involved in Land Acquisition Suppression

Case Details: Sivakumar vs. Inspector … Continue reading “SC Quashes FIR Against Bank Manager Not Involved in Land Acquisition Suppression”

News, Blog, FEMA & Banking

April 29, 2025

RBI Issues Master Direction on Incentives for Currency Distribution and Exchange by Banks

Circular No. RBI/DCM/2025-26/136 DCM (CC) … Continue reading “RBI Issues Master Direction on Incentives for Currency Distribution and Exchange by Banks”

Blog, News, FEMA & Banking

April 28, 2025

Govt. Adds Indian ‘Cyber Crime Coordination Centre’ to List of Agencies Sharing Information Under PMLA

Notification No. GSR 261(E); Dated: … Continue reading “Govt. Adds Indian ‘Cyber Crime Coordination Centre’ to List of Agencies Sharing Information Under PMLA”

Blog, News, FEMA & Banking

April 27, 2025

RBI Extends Deadline for Note Sorting Machines to Comply With BIS Standards to November 1, 2025

Circular No. RBI/2025-26/31 DCM (NPD) … Continue reading “RBI Extends Deadline for Note Sorting Machines to Comply With BIS Standards to November 1, 2025”

Blog, News, FEMA & Banking

April 27, 2025

RBI Updates Compounding Norms Under FEMA; Caps Compounding Amount at Rs. 2 Lakhs for ‘Non-Reporting Contraventions’

Circular No. RBI/FED/2025-26/32 A.P. (DIR … Continue reading “RBI Updates Compounding Norms Under FEMA; Caps Compounding Amount at Rs. 2 Lakhs for ‘Non-Reporting Contraventions’”

News, Blog, FEMA & Banking

April 26, 2025

IFSCA Clarifies Fee Structure for FMEs in IFSC, Including a Fee of USD 500 for Modifications to the Scheme Documents

Circular No. IFSCA-DTFA/2/2025; Dated: 23.04.2025 … Continue reading “IFSCA Clarifies Fee Structure for FMEs in IFSC, Including a Fee of USD 500 for Modifications to the Scheme Documents”