FEMA & Banking

Blog, News, FEMA & Banking

September 14, 2023

Govt. Appoints ‘Special Directors’ of Regional Offices of ED as Administrators of the Property Confiscated under PMLA

Notification No. S.O. 3980(E). Dated … Continue reading “Govt. Appoints ‘Special Directors’ of Regional Offices of ED as Administrators of the Property Confiscated under PMLA”

Blog, News, FEMA & Banking

September 14, 2023

RBI Tweaks Norms for Classification, Valuation & Operation of Investment Portfolio of Commercial Banks

Press Release: 2023-2024/910, Dated 12.09.2023 … Continue reading “RBI Tweaks Norms for Classification, Valuation & Operation of Investment Portfolio of Commercial Banks”

News, Blog, FEMA & Banking

September 14, 2023

Banks Must Maintain an Extra Daily Average Balance with the RBI in Addition to the Required Daily Balance | RBI

Notification No. DOR.RET.REC.30/12.01.001/2023-24., Dated 10.08.2023 … Continue reading “Banks Must Maintain an Extra Daily Average Balance with the RBI in Addition to the Required Daily Balance | RBI”

Blog, News, FEMA & Banking

September 14, 2023

RBI Issues Revised Norms for Classification and Valuation of Investment Portfolios by Banks

Circular No. RBI/DOR/2023-24/104 DOR.MRG.36/21.04.141/2023-24, Dated: … Continue reading “RBI Issues Revised Norms for Classification and Valuation of Investment Portfolios by Banks”

Blog, Advisory, FEMA & Banking

April 25, 2024

[Analysis] Streamlining Processes | RBI Issues Directions for Swift Release of Property Documents Post-loan Closure

Table of Contents Introduction REs … Continue reading “[Analysis] Streamlining Processes | RBI Issues Directions for Swift Release of Property Documents Post-loan Closure”

Blog, News, FEMA & Banking

September 13, 2023

HC Granted Bail to Petitioner as he was Unaware that Loan was Tainted and there was no Direct Link to Criminal Activities

Case Details: Vijay Agrawal v. … Continue reading “HC Granted Bail to Petitioner as he was Unaware that Loan was Tainted and there was no Direct Link to Criminal Activities”

Blog, News, FEMA & Banking

September 12, 2023

RBI Releases Amounts Impounded Under the I-CRR in Stages to Prevent System Liquidity from Sudden Shocks

Circular No. RBI/2023-24/5 DOR.RET.REC.34/12.01.001/2023-24, Dated: … Continue reading “RBI Releases Amounts Impounded Under the I-CRR in Stages to Prevent System Liquidity from Sudden Shocks”

Blog, News, FEMA & Banking

September 12, 2023

SGB Scheme 2023-24-Series II Subscription Window Will Open During September 11 to 15, 2023

Press Release: 2023-2024/898; Dated: 08-09-2023 … Continue reading “SGB Scheme 2023-24-Series II Subscription Window Will Open During September 11 to 15, 2023”

Blog, News, FEMA & Banking

September 12, 2023

ECLGS Benefit was to be Granted to Petitioners as their a/c weren’t Classified as NPA till the Time Scheme was in Force | HC

Case Details: Guha Roy Food … Continue reading “ECLGS Benefit was to be Granted to Petitioners as their a/c weren’t Classified as NPA till the Time Scheme was in Force | HC”

News, Blog, FEMA & Banking

September 11, 2023

MoF Permits 3 Reporting Entities to Perform Authentication Under the Aadhaar Act, 2016

Notification No. S.O. 3965(E); Dated: … Continue reading “MoF Permits 3 Reporting Entities to Perform Authentication Under the Aadhaar Act, 2016”