FEMA & Banking

Blog, News, FEMA & Banking

November 2, 2023

Attachment Order By ED Was to Be Quashed Where Likelihood of Concealment or Transfer of Properties Couldn’t Be Proved

Case Details: Smt. Suma Sooraj … Continue reading “Attachment Order By ED Was to Be Quashed Where Likelihood of Concealment or Transfer of Properties Couldn’t Be Proved”

Blog, News, FEMA & Banking

November 2, 2023

Cooperative Banks Must Contact the RBI’s Department of Supervision for Changes in Their Names | RBI

Circular no. RBI/2023-24/79 DoR.REG/LIC.No.55/07.01.000/2023-24; Dated: … Continue reading “Cooperative Banks Must Contact the RBI’s Department of Supervision for Changes in Their Names | RBI”

Blog, News, FEMA & Banking

November 2, 2023

District Central Co-op. Banks Can Shift Their Branches/Offices/Extension Counters Without Prior Permission of RBI

Circular No. RBI/2023-24/78 DoR.REG/LIC.No.54/19.51.052/2023-24, Dated: … Continue reading “District Central Co-op. Banks Can Shift Their Branches/Offices/Extension Counters Without Prior Permission of RBI”

Blog, News, FEMA & Banking

October 30, 2023

IFSCA Amends IFSCA (Investment by International Financial Services Centre Insurance Office) Regulations, 2022

Notification no. IFSCA/2023-24/GN/REG042; Dated: 25.10.2023 … Continue reading “IFSCA Amends IFSCA (Investment by International Financial Services Centre Insurance Office) Regulations, 2022”

Blog, News, FEMA & Banking

October 28, 2023

RBI Issues Master Direction on Interest Rate on Deposits

Master Direction RBI/2023-24/74 DOR.SPE. REC. … Continue reading “RBI Issues Master Direction on Interest Rate on Deposits”

News, Blog, FEMA & Banking

October 28, 2023

REs of Bank Joining Account Aggregator Ecosystem as ‘FI-U’ Shall Necessarily Join as ‘FIP’ | RBI

Circular No. RBI/2023-24/77 DoR.FIN.REC.53/03.10.123/2023-24, Dated: … Continue reading “REs of Bank Joining Account Aggregator Ecosystem as ‘FI-U’ Shall Necessarily Join as ‘FIP’ | RBI”

Blog, News, FEMA & Banking

October 28, 2023

RBI Enhances “Bulk Deposit” Limit for Regional Rural Banks From Rs 15 Lakh to Rs 1 Crore

Circular RBI/2023-24/75 DoR.SPE.REC.50/13.03.00/2023-2024, Dated 26.10.2023 … Continue reading “RBI Enhances “Bulk Deposit” Limit for Regional Rural Banks From Rs 15 Lakh to Rs 1 Crore”

Blog, News, FEMA & Banking

October 28, 2023

RBI Directs CICs to Send SMS/Email Alerts to Customers When Their Credit Information Report is Accessed by CIs

Circular No. RBI/2023-24/73 DoR.FIN.REC.49/20.16.003/2023-24, Dated: … Continue reading “RBI Directs CICs to Send SMS/Email Alerts to Customers When Their Credit Information Report is Accessed by CIs”

News, Blog, FEMA & Banking

October 28, 2023

RBI Replaces ‘Pension Fund’ With ‘Central Recordkeeping Agency’ as the Financial Information Provider

Circular No. RBI/2023-24/76 DoR.FIN.REC.52/03.10.123/2023-24, Dated: … Continue reading “RBI Replaces ‘Pension Fund’ With ‘Central Recordkeeping Agency’ as the Financial Information Provider”

Blog, News, FEMA & Banking

October 28, 2023

RBI Mandates CIs/CICs to Compensate Complainants With Rs 100 Per Day If Complaints Remain Unresolved Beyond 30 Days

Circular No. RBI/2023-24/72 DoR.FIN.REC.48/20.16.003/2023-24, Dated: … Continue reading “RBI Mandates CIs/CICs to Compensate Complainants With Rs 100 Per Day If Complaints Remain Unresolved Beyond 30 Days”