FEMA & Banking

Blog, News, FEMA & Banking

March 6, 2024

RBI Directs ‘IIFL Finance Ltd’ to Cease and Desist from Sanctioning or Disbursing Gold Loans

Press Release No. 2023-2024/1994; Dated: … Continue reading “RBI Directs ‘IIFL Finance Ltd’ to Cease and Desist from Sanctioning or Disbursing Gold Loans”

Blog, News, FEMA & Banking

March 6, 2024

Borrower’s Plea Based on a False Claims Preventing Bank From Taking Possession of Secured Assets Was to Be Dismissed | HC

Case Details: Siba International v. … Continue reading “Borrower’s Plea Based on a False Claims Preventing Bank From Taking Possession of Secured Assets Was to Be Dismissed | HC”

News, Blog, FEMA & Banking

March 4, 2024

Govt. Notifies ‘Contract for the Purchase or Sale of a Right to Buy or Sell’ as a Derivative Under SCRA, 1956

Notification No. S.O. 1003(E); Dated: … Continue reading “Govt. Notifies ‘Contract for the Purchase or Sale of a Right to Buy or Sell’ as a Derivative Under SCRA, 1956”

Blog, News, FEMA & Banking

March 4, 2024

NEFT & RTGS Systems Have Registered a Growth of 700% & 200% Respectively During 2014-23 | RBI

Press Release: 2023-2024/1985, Dated: 01.03.2024 … Continue reading “NEFT & RTGS Systems Have Registered a Growth of 700% & 200% Respectively During 2014-23 | RBI”

Blog, News, FEMA & Banking

March 2, 2024

RBI Revises Regulatory Framework for ‘Bharat Bill Payment Systems’ Streamlining the Bill Payment Processes

Master Directions No. RBI/DPSS/2023-24/111CO.DPSS.POLC.No.S1114/02-27-020/2023-2024; Dated: … Continue reading “RBI Revises Regulatory Framework for ‘Bharat Bill Payment Systems’ Streamlining the Bill Payment Processes”

News, Blog, FEMA & Banking

March 1, 2024

MoF Permits ‘Motilal Oswal Home Finance Limited’ to Perform Authentication Under the Aadhaar Act, 2016

Notification No. S.O. 933(E); Dated: … Continue reading “MoF Permits ‘Motilal Oswal Home Finance Limited’ to Perform Authentication Under the Aadhaar Act, 2016”

Blog, News, FEMA & Banking

March 7, 2024

RBI Invites Comments on the “Draft Disclosure Framework on Climate-Related Financial Risks, 2024

Press Release No. 2023-2024/1958; Dated: … Continue reading “RBI Invites Comments on the “Draft Disclosure Framework on Climate-Related Financial Risks, 2024”

Blog, News, FEMA & Banking

March 1, 2024

RBI Releases Updated ‘Enabling Framework for Regulatory Sandbox’

Press Release No. 2023-2024/1956; Dated: … Continue reading “RBI Releases Updated ‘Enabling Framework for Regulatory Sandbox’”

Blog, News, FEMA & Banking

March 1, 2024

RBI Tweaks ‘Capital Adequacy Norms’ to Align With Master Directions on Banks’ Investment

Circular No. RBI/2023-24/128 DOR.MRG.REC.80/00-00-003/2022-23; Dated: … Continue reading “RBI Tweaks ‘Capital Adequacy Norms’ to Align With Master Directions on Banks’ Investment”

Blog, News, FEMA & Banking

March 1, 2024

Unit Applications for IFSCA Authorisation Shall Be Made in Form FA, not F | Finance Ministry

Notification S.O. 940(E), Dated: 28.02.2024 … Continue reading “Unit Applications for IFSCA Authorisation Shall Be Made in Form FA, not F | Finance Ministry”