FEMA & Banking

News, Blog, FEMA & Banking

July 21, 2022

RBI adopts a four-tiered regulatory framework for UCBs

Press Release: 2022-2023/561, Dated: 19.07.2022 … Continue reading “RBI adopts a four-tiered regulatory framework for UCBs”

Blog, News, FEMA & Banking

July 20, 2022

RBI excludes ‘Punjab & Maharashtra Co-operative Bank Limited’ from the Second Schedule of the RBI Act

Notification no. DOR.MON.No. 3764/12.01.000/2021-22, Dated: … Continue reading “RBI excludes ‘Punjab & Maharashtra Co-operative Bank Limited’ from the Second Schedule of the RBI Act”

Blog, FEMA & Banking

January 19, 2023

FAQs on Core Banking Systems (CBS)

FAQ 1. What is Core … Continue reading “FAQs on Core Banking Systems (CBS)”

Blog, News, FEMA & Banking

July 16, 2022

Now ‘statement of foreign bank’ shall be treated as ‘officially valid document’

Notification- G. S. R. 575(E) … Continue reading “Now ‘statement of foreign bank’ shall be treated as ‘officially valid document’”

Blog, News, FEMA & Banking

July 16, 2022

Govt. further amends SEZ Rules; inserts provisions w.r.t work from home for employees

Notification No. G.S.R. 576(E) dated- … Continue reading “Govt. further amends SEZ Rules; inserts provisions w.r.t work from home for employees”

Blog, News, FEMA & Banking

July 15, 2022

Recovery Suit was rightly dismissed as appellant couldn’t produce evidence to prove transaction of loan

Case Details: [2022] 140 taxmann.com … Continue reading “Recovery Suit was rightly dismissed as appellant couldn’t produce evidence to prove transaction of loan”

Blog, News, FEMA & Banking

July 14, 2022

HC rightly rejected the plea for quashing of criminal proceedings u/s 138 of NI Act: SC

Case Details: Rathish Babu Unnikrishnan … Continue reading “HC rightly rejected the plea for quashing of criminal proceedings u/s 138 of NI Act: SC”

Blog, News, FEMA & Banking

July 13, 2022

RBI allows international trade settlement in Indian Rupees

RBI/2022-2023/90 A.P. (DIR SERIES) CIRCULAR … Continue reading “RBI allows international trade settlement in Indian Rupees”

Blog, News, FEMA & Banking

July 13, 2022

RBI grants in-principal approval to Razorpay to operate as a payment aggregator

The Reserve Bank of India … Continue reading “RBI grants in-principal approval to Razorpay to operate as a payment aggregator”

Blog, News, FEMA & Banking

July 12, 2022

RBI permits banks to settle Sri Lankan trade in currency outside the ACU mechanism

A.P. (DIR Series) Circular No. … Continue reading “RBI permits banks to settle Sri Lankan trade in currency outside the ACU mechanism”