FEMA & Banking

Blog, News, FEMA & Banking

April 30, 2024

Director’s Challenge to Co.’s Wilful Defaulter Status Dismissed as Lender’s Review Committee Found No Irregularity

Case Details: Gouri Prasad Goenka … Continue reading “Director’s Challenge to Co.’s Wilful Defaulter Status Dismissed as Lender’s Review Committee Found No Irregularity”

Blog, News, FEMA & Banking

April 29, 2024

RBI Notifies Limits for Investment in Debt and Sale of Credit Default Swaps by Foreign Portfolio Investors

Circular No. RBI/2024-25/27 A.P. (DIR … Continue reading “RBI Notifies Limits for Investment in Debt and Sale of Credit Default Swaps by Foreign Portfolio Investors”

Blog, News, FEMA & Banking

April 29, 2024

RBI Amends Eligibility Criteria for Small Finance Banks to Transition Into a Universal Bank

Circular No. RBI/2024-25/28 DOR.LIC.REC.20/16.13.218/2024-25, Dated: … Continue reading “RBI Amends Eligibility Criteria for Small Finance Banks to Transition Into a Universal Bank”

News, Blog, FEMA & Banking

April 29, 2024

RBI Introduces Draft Circular on ‘Digital Lending – Transparency in Aggregation of Loan Products From Multiple Lenders’

Press Release 2024-2025/194, Dated: 26.04.2024 … Continue reading “RBI Introduces Draft Circular on ‘Digital Lending – Transparency in Aggregation of Loan Products From Multiple Lenders’”

News, Blog, FEMA & Banking

April 27, 2024

Rs 10L Recovery Limit for DRT Filings Now Also Applies to Applications Between 26.09.2018 and 30.06.2019 | Finance Ministry

Notification No. S.O. 1796(E)., Dated … Continue reading “Rs 10L Recovery Limit for DRT Filings Now Also Applies to Applications Between 26.09.2018 and 30.06.2019 | Finance Ministry”

Blog, News, FEMA & Banking

April 26, 2024

RBI Advises AD Category-I Banks to Be More Vigilant in Preventing Facilitation of Unauthorised Forex Trading

Circular No. RBI/2024-25/24 A.P. (DIR … Continue reading “RBI Advises AD Category-I Banks to Be More Vigilant in Preventing Facilitation of Unauthorised Forex Trading”

Blog, News, FEMA & Banking

April 25, 2024

RBI Issues Master Directions on ‘Asset Reconstruction Companies’

Master Direction No. RBI/DOR/2024-25/116 DoR.FIN.REC.16/26.03.001/2024-25; … Continue reading “RBI Issues Master Directions on ‘Asset Reconstruction Companies’”

Blog, News, FEMA & Banking

April 25, 2024

RBI Allows Small Finance Banks to Deal in Permissible Rupee Interest Rate Derivative Products

Circular No. RBI/2024-25/23 DOR.MRG.REC.15/00.00.018/2024-25; Dated: … Continue reading “RBI Allows Small Finance Banks to Deal in Permissible Rupee Interest Rate Derivative Products”

News, Blog, FEMA & Banking

April 25, 2024

RBI Specifies Norms for Mode of Payment and Remittance of Sale Proceeds for Equity Shares of Indian Cos Listed on IEs

Notification No. FEMA. 395(2)/2024-RB; Dated: … Continue reading “RBI Specifies Norms for Mode of Payment and Remittance of Sale Proceeds for Equity Shares of Indian Cos Listed on IEs”

Blog, News, FEMA & Banking

April 25, 2024

Funds Raised Through Listing of Equity Shares of Indian Cos. On IE Can Be Kept in Foreign Currency a/c Opened Abroad

Notification No. FEMA 10R (3)/2024-RB; … Continue reading “Funds Raised Through Listing of Equity Shares of Indian Cos. On IE Can Be Kept in Foreign Currency a/c Opened Abroad”