FEMA & Banking

News, Blog, FEMA & Banking

July 3, 2023

Govt. Reinstates Rule 7 to FEM (CAT) Rules, 2000 | Excludes ICC Usage Abroad from LRS Ambit

Notification No. G.S.R. 472(E); Dated: … Continue reading “Govt. Reinstates Rule 7 to FEM (CAT) Rules, 2000 | Excludes ICC Usage Abroad from LRS Ambit”

Blog, News, FEMA & Banking

June 30, 2023

Govt. Hits the Pause Button | Credit Card Transactions Abroad Excluded from LRS Coverage for Now!

Press Release dated 28.06.2023 Earlier, … Continue reading “Govt. Hits the Pause Button | Credit Card Transactions Abroad Excluded from LRS Coverage for Now!”

Blog, News, FEMA & Banking

June 27, 2023

RBI Decides to Discontinue Mumbai Interbank Forward Outright Rate as a ‘Significant Benchmark’

The Reserve Bank of India … Continue reading “RBI Decides to Discontinue Mumbai Interbank Forward Outright Rate as a ‘Significant Benchmark’”

Blog, Advisory, FEMA & Banking

April 25, 2024

[Analysis] RBI’s Landmark Circular Grants Residents the Power to Pay IFSC Foreign University Fees under LRS

Table of Contents Introduction What … Continue reading “[Analysis] RBI’s Landmark Circular Grants Residents the Power to Pay IFSC Foreign University Fees under LRS”

Blog, News, FEMA & Banking

June 24, 2023

Resident Individuals can use LRS to Remit Funds for IFSC-based Foreign Institutions’ Fees

Circular No. RBI/2023-24/45 A.P. (DIR … Continue reading “Resident Individuals can use LRS to Remit Funds for IFSC-based Foreign Institutions’ Fees”

Blog, Advisory, FEMA & Banking

April 25, 2024

[Analysis] Understanding RBI’s Stance on Compromise Settlements & Write-offs

Table of Contents Background Compromise … Continue reading “[Analysis] Understanding RBI’s Stance on Compromise Settlements & Write-offs”

Blog, News, FEMA & Banking

June 21, 2023

Bank Unaware of Third-party Suits, No Material Fact Suppression in Auction Sale: HC

Case Details: Vinjam Srinivasa Rao … Continue reading “Bank Unaware of Third-party Suits, No Material Fact Suppression in Auction Sale: HC”

News, Blog, FEMA & Banking

June 20, 2023

RBI Assures Accurate Accounting and Systems in Place Amid Media Reports on Missing Banknotes

Press Release: 2023-2024/428, Dated 17.06.2023 … Continue reading “RBI Assures Accurate Accounting and Systems in Place Amid Media Reports on Missing Banknotes”

Blog, News, FEMA & Banking

June 19, 2023

SGB Scheme 2023-24 Series I Subscription Window will Open During June 19 to June 23

Press Release: 2023-2024/426, Dated: 16.06.2023 … Continue reading “SGB Scheme 2023-24 Series I Subscription Window will Open During June 19 to June 23”

Blog, News, FEMA & Banking

June 19, 2023

RBI Issues Instructions to Banks w.r.t. Sovereign Gold Bond Scheme 2023-24

Circular No. RBI/2023-24/44 IDMD.CDD.No.S650/14.04.050/2023-24, Dated: … Continue reading “RBI Issues Instructions to Banks w.r.t. Sovereign Gold Bond Scheme 2023-24”