FEMA & Banking

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”

Blog, News, FEMA & Banking

March 1, 2024

Loans & Advances Restrictions Under Banking Regulation Act Shall Not Be Applicable to IFSC Banking Unit of Foreign Bank

Notification No. S.O. 942(E), Dated: … Continue reading “Loans & Advances Restrictions Under Banking Regulation Act Shall Not Be Applicable to IFSC Banking Unit of Foreign Bank”

Blog, News, FEMA & Banking

February 29, 2024

RBI Issues Fresh Master Directions on ‘Prepaid Payment Instruments’

Master Direction No. RBI/DPSS/2021-22/82 CO.DPSS.POLC.No.S-479/02.14.006/2021-22; … Continue reading “RBI Issues Fresh Master Directions on ‘Prepaid Payment Instruments’”

Blog, News, FEMA & Banking

February 29, 2024

RBI Prescribes a Format for Furnishing Information w.r.t Appointment/re-Appointment of Director, MD or CEO in ARCs

Circular No. RBI/2023-24/127 DOR.GOV.REC.79/18.10.006/2023-24; Dated: … Continue reading “RBI Prescribes a Format for Furnishing Information w.r.t Appointment/re-Appointment of Director, MD or CEO in ARCs”

Blog, News, FEMA & Banking

March 7, 2024

RBI Issues Master Directions for Filing of Supervisory Returns by Banks, NBFCs and ARCs

Master Direction No. RBI/DoS.DSG/2023-24/110 DoS.DSG.No.10/33.01.001/2023-24; … Continue reading “RBI Issues Master Directions for Filing of Supervisory Returns by Banks, NBFCs and ARCs”

News, Blog, FEMA & Banking

February 27, 2024

RBI Permits Authorised Banks and Non-Banks to Issue PPIs for Making Payments Across Various Public Transport Systems

Circular No. RBI/2023-24/126 CO.DPSS.POLC.No.S1092/02-14-006/2023-2024; Dated: … Continue reading “RBI Permits Authorised Banks and Non-Banks to Issue PPIs for Making Payments Across Various Public Transport Systems”

Blog, News, FEMA & Banking

February 27, 2024

Claim of Bank-Secured Creditor Would Prevail Over Claim of Sales Tax Dept.

Case Details: Madhaviben Jitendrabhai Rupareliya … Continue reading “Claim of Bank-Secured Creditor Would Prevail Over Claim of Sales Tax Dept.”

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February 24, 2024

RBI Includes ‘Clearing Corporation of India Ltd’ as a Financial Information Provider Under Account Aggregator Framework

Circular No. RBI/2023-24/125 DoR.FIN.REC.77/03.10.123/2023-24; Dated: … Continue reading “RBI Includes ‘Clearing Corporation of India Ltd’ as a Financial Information Provider Under Account Aggregator Framework”

Blog, News, FEMA & Banking

February 24, 2024

Govt. Extends Interest Equalization Scheme for Pre and Post-Shipment Rupee Export Credit Upto June 30, 2024 | RBI to Banks

Circular No. RBI/2023-24/124 DOR.STR.REC.78/04.02.001/2023-24; Dated: … Continue reading “Govt. Extends Interest Equalization Scheme for Pre and Post-Shipment Rupee Export Credit Upto June 30, 2024 | RBI to Banks”

Blog, News, FEMA & Banking

February 24, 2024

India Opens Up 100% FDI Under Automatic Route in the Field of Satellite Component Manufacturing

Press Release; Dated: 21.02.2024 The … Continue reading “India Opens Up 100% FDI Under Automatic Route in the Field of Satellite Component Manufacturing”