FEMA & Banking

Blog, News, FEMA & Banking

April 8, 2024

RBI Imposes a Monetary Penalty of Rs 1 Crore on ‘IDFC First Bank Limited’ for Non-Compliance with RBI Norms

Press Release No. 2024-2025/54; Dated: … Continue reading “RBI Imposes a Monetary Penalty of Rs 1 Crore on ‘IDFC First Bank Limited’ for Non-Compliance with RBI Norms”

Blog, News, FEMA & Banking

April 8, 2024

RBI Launches New Website and Mobile Application | Press Release

Press Release No. 2024-2025/57; Dated: … Continue reading “RBI Launches New Website and Mobile Application | Press Release”

News, Blog, FEMA & Banking

April 8, 2024

RBI Keeps the Policy Repo Rate Under the Liquidity Adjustment Facility (LAF) Unchanged at 6.50 %

Press Release: 2024-2025/42, Dated: 05.04.2024 … Continue reading “RBI Keeps the Policy Repo Rate Under the Liquidity Adjustment Facility (LAF) Unchanged at 6.50 %”

Blog, News, FEMA & Banking

April 5, 2024

HC Upholds Non-Bailable Warrant Against PMLA Accused for Repeated Non-appearances Before Court

Case Details: Rajeev Jhawar v. … Continue reading “HC Upholds Non-Bailable Warrant Against PMLA Accused for Repeated Non-appearances Before Court”

Blog, News, FEMA & Banking

April 5, 2024

Sec. 24 of RTI Act Exempts ED From Disclosing Info on Recruitment Rules if No Human Rights Violation is Involved | HC

Case Details: Directorate of Enforcement … Continue reading “Sec. 24 of RTI Act Exempts ED From Disclosing Info on Recruitment Rules if No Human Rights Violation is Involved | HC”

Blog, News, FEMA & Banking

April 5, 2024

Complaint Over Cheque Bounce Issued From a Joint a/c and Signed Solely by Deceased Husband Was Abuse of Law | HC

Case Details: Neeta Gupta v. … Continue reading “Complaint Over Cheque Bounce Issued From a Joint a/c and Signed Solely by Deceased Husband Was Abuse of Law | HC”

Blog, News, FEMA & Banking

April 4, 2024

HC Upholds Arrest of an MD by ED for Money Laundering Through a Complex Web of Cos. Having Common Control

Case Details: Neeraj Singal v. … Continue reading “HC Upholds Arrest of an MD by ED for Money Laundering Through a Complex Web of Cos. Having Common Control”

Blog, News, FEMA & Banking

April 3, 2024

RBI Notifies Master Circular on ‘Prudential Norms on Capital Adequacy – Primary (Urban) Cooperative Banks

Circular No. RBI/2024-25/09 DOR.CAP.REC.5/09.18.201/2024-25, Dated: … Continue reading “RBI Notifies Master Circular on ‘Prudential Norms on Capital Adequacy – Primary (Urban) Cooperative Banks”

Blog, News, FEMA & Banking

April 3, 2024

RBI Issues Master Direction on ‘Framework of Incentives for Currency Distribution & Exchange Scheme for Bank Branches

Master Direction No. RBI/DCM/2024-25/113 DCM … Continue reading “RBI Issues Master Direction on ‘Framework of Incentives for Currency Distribution & Exchange Scheme for Bank Branches”

News, Blog, FEMA & Banking

April 3, 2024

RBI Issues Updated Master Direction on ‘Counterfeit Notes, 2024 – Detection, Reporting and Monitoring’

Master Direction No. RBI/DCM/2024-25/115 DCM … Continue reading “RBI Issues Updated Master Direction on ‘Counterfeit Notes, 2024 – Detection, Reporting and Monitoring’”