FEMA & Banking

Blog, News, FEMA & Banking

August 13, 2024

RBI Allows Non-Residents to Trade Sovereign Green Bonds in IFSC via Inward Remittance or Funds in Foreign Currency A/c

Notification No. No. FEMA. 396 … Continue reading “RBI Allows Non-Residents to Trade Sovereign Green Bonds in IFSC via Inward Remittance or Funds in Foreign Currency A/c”

Blog, News, FEMA & Banking

August 12, 2024

HC Affirms Closure of Cross-Examination as Petitioner Didn’t File Plea u/s 145 of NI Act in a Cheque Dishonor Trial

Case Details: Cassius Infracon (P.) … Continue reading “HC Affirms Closure of Cross-Examination as Petitioner Didn’t File Plea u/s 145 of NI Act in a Cheque Dishonor Trial”

News, Blog, FEMA & Banking

August 12, 2024

RBI Directs Credit Information Companies/Institutions to Update Credit Information Fortnightly or at Shorter Intervals

Circular No. RBI/2024-25/60 DoR.FIN.REC.No.32/20.16.056/2024-25, Dated: … Continue reading “RBI Directs Credit Information Companies/Institutions to Update Credit Information Fortnightly or at Shorter Intervals”

Blog, Advisory, FEMA & Banking

August 12, 2024

[Analysis] RBI’s Initiatives – UPI Transaction Limit Increase | Digital Lending Apps Repository | Faster Cheque Clearance

The Reserve Bank of India … Continue reading “[Analysis] RBI’s Initiatives – UPI Transaction Limit Increase | Digital Lending Apps Repository | Faster Cheque Clearance”

Blog, News, 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”

News, Blog, 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”

Blog, News, FEMA & Banking

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”

Blog, News, FEMA & Banking

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’”