FEMA & Banking

News, Blog, FEMA & Banking

August 9, 2024

RBI Keeps Repo Rate Unchanged at 6.50%

Press Release: 2024-2025/850, Dated: 08.08.2024 … Continue reading “RBI Keeps Repo Rate Unchanged at 6.50%”

Blog, News, FEMA & Banking

August 8, 2024

RBI Modifies Interest Subvention Scheme for Short-Term Loans for Agriculture and Allied Activities Via Kisan Credit Card

Circular No. RBI/2024-25/59 FIDD.CO.FSD.BC.No.8/05.02.001/2024-25, Dated: … Continue reading “RBI Modifies Interest Subvention Scheme for Short-Term Loans for Agriculture and Allied Activities Via Kisan Credit Card”

Blog, News, FEMA & Banking

August 7, 2024

RBI Proposes New Principles for the Management of Model Risks in Credit, Seeks Public Comments Till Sep 4, 2004

Press Release: 2024-2025/835, Dated 05.08.2024 … Continue reading “RBI Proposes New Principles for the Management of Model Risks in Credit, Seeks Public Comments Till Sep 4, 2004”

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August 6, 2024

Director Other Than MD Isn’t Vicariously Criminally Liable u/s 50 of NHB Act Unless Responsible for Co.’s Operation

Case Details: National Housing Bank … Continue reading “Director Other Than MD Isn’t Vicariously Criminally Liable u/s 50 of NHB Act Unless Responsible for Co.’s Operation”

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August 5, 2024

Appellant’s Plea to Cross-Examine Witnesses in Forex Manipulation Case Denied as Statements Were Backed by Evidence

Case Details: Suresh Saluja @ … Continue reading “Appellant’s Plea to Cross-Examine Witnesses in Forex Manipulation Case Denied as Statements Were Backed by Evidence”

Blog, News, FEMA & Banking

August 2, 2024

RBI Releases Draft Directions on ‘Due Diligence of Aadhaar Enabled Payment System (AePS) Touchpoint Operators’

Press Release: 2024-2025/804, Dated: 31.07.2024 … Continue reading “RBI Releases Draft Directions on ‘Due Diligence of Aadhaar Enabled Payment System (AePS) Touchpoint Operators’”

Blog, News, FEMA & Banking

August 2, 2024

RBI Proposes New Authentication Methods for Digital Payments in Addition to SMS-Based OTP

Press Release: 2024-2025/809, Dated: 31.07.2024 … Continue reading “RBI Proposes New Authentication Methods for Digital Payments in Addition to SMS-Based OTP”

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August 1, 2024

RBI Issues Master Direction on Treatment of ‘Wilful Defaulters and Large Defaulters’

Master Direction No. RBI/DoR/2024-25/122 DoR.FIN.REC.No. … Continue reading “RBI Issues Master Direction on Treatment of ‘Wilful Defaulters and Large Defaulters’”

News, Blog, FEMA & Banking

August 1, 2024

RBI Releases Master Directions on ‘Cyber Resilience and Digital Payment Security Controls’

Circular No. RBI/DPSS/2024-25/123 CO.DPSS.OVRST.No.S447/06-26-002/2024-25; Dated: … Continue reading “RBI Releases Master Directions on ‘Cyber Resilience and Digital Payment Security Controls’”

Blog, News, FEMA & Banking

August 1, 2024

RBI Permits ‘Urban Cooperative Banks’ to Transfer Balances in Dividend Equalisation Fund to Free Reserves

Circular No. RBI/2024-25/57 DOR.CAP.REC.No.30/09.18.201/2024-25; Dated: … Continue reading “RBI Permits ‘Urban Cooperative Banks’ to Transfer Balances in Dividend Equalisation Fund to Free Reserves”