FEMA & Banking

Blog, News, FEMA & Banking

December 8, 2022

RBI increases repo rate under LAF by 35 basis points to 6.25%

Press Release: 2022-2023/1320, Dated 07.12.2022 … Continue reading “RBI increases repo rate under LAF by 35 basis points to 6.25%”

Blog, News, FEMA & Banking

December 3, 2022

RBI prescribes Categorization of UCBs for Regulatory Purposes based on their deposit size

Circular No. RBI/2022-23/144 DOR.REG.No.84/07.01.000/2022-23, Dated … Continue reading “RBI prescribes Categorization of UCBs for Regulatory Purposes based on their deposit size”

Blog, News, FEMA & Banking

December 3, 2022

Foreign branches/subsidiaries of Indian banks can deal in financial products not permitted in the domestic market: RBI

Circular No. RBI/2022-23/145 DOR.MRG.REC.87/00-00-020/2022-23, Dated … Continue reading “Foreign branches/subsidiaries of Indian banks can deal in financial products not permitted in the domestic market: RBI”

Blog, News, FEMA & Banking

December 3, 2022

RBI notifies Modified Mumbai Interbank Forward Outright Rate as a ‘significant benchmark’

Circular No. RBI/2022-23/142 FMRD.FMSD.06/03.07.25/2022-23, Dated … Continue reading “RBI notifies Modified Mumbai Interbank Forward Outright Rate as a ‘significant benchmark’”

News, Blog, FEMA & Banking

December 3, 2022

RBI revises criteria for determining Financially Sound and Well Managed status for Primary UCBs

Circular No. RBI/2022-23/143 DOR.REG.No.85/07.01.000/2022-23, Dated … Continue reading “RBI revises criteria for determining Financially Sound and Well Managed status for Primary UCBs”

Blog, News, FEMA & Banking

December 1, 2022

Govt. notifies ‘Real Estate Agents’ defined under RERA as a ‘person carrying on designated business’ under PMLA

Notification No. G.S.R. 855(E)., Dated … Continue reading “Govt. notifies ‘Real Estate Agents’ defined under RERA as a ‘person carrying on designated business’ under PMLA”

Blog, News, FEMA & Banking

November 30, 2022

Delhi HC grants bail to Yes Bank founder Rana Kapoor in Rs. 66.51 crores money laundering case

Case Details: Rana Kapoor v. … Continue reading “Delhi HC grants bail to Yes Bank founder Rana Kapoor in Rs. 66.51 crores money laundering case”

Blog, News, FEMA & Banking

November 30, 2022

RBI announces the launch of the first pilot for retail digital Rupee currency

Press Release: 2022-2023/1275, Dated 29.11.2022 … Continue reading “RBI announces the launch of the first pilot for retail digital Rupee currency”

News, Blog, FEMA & Banking

November 26, 2022

SGB 2017-18 Series IX can be redeemed prematurely at Rs. 5255/- per unit: RBI

Press Release: 2022-2023/1251, Dated 24.11.2022 … Continue reading “SGB 2017-18 Series IX can be redeemed prematurely at Rs. 5255/- per unit: RBI”

Blog, News, FEMA & Banking

November 25, 2022

Overnight balances held with RBI under SDF shall be eligible as ‘Level 1 High Quality Liquid Assets’ for computation of LCR

Circular No. RBI/2022-23/141 DOR.LRG.REC.83/03.10.001/2022-23, Dated … Continue reading “Overnight balances held with RBI under SDF shall be eligible as ‘Level 1 High Quality Liquid Assets’ for computation of LCR”