FEMA & Banking

Blog, News, FEMA & Banking

August 18, 2023

RBI Launches Pilot Project for ‘Public Tech Platform’ Enabling Frictionless Credit Processing

Press Release: 2023-2024/750, Dated: 14.08.2023 … Continue reading “RBI Launches Pilot Project for ‘Public Tech Platform’ Enabling Frictionless Credit Processing”

Blog, News, FEMA & Banking

August 14, 2023

FCRA Annual Return was Valid Where Petitioner had Opened Belated SEBI Bank a/c & Paid Penalty Amount | HC

Case Details: Helping Hands Jaipur … Continue reading “FCRA Annual Return was Valid Where Petitioner had Opened Belated SEBI Bank a/c & Paid Penalty Amount | HC”

Blog, News, FEMA & Banking

August 14, 2023

RBI Directs all SCBs/RRBs/UCBs/State Co-operative Banks to Maintain an Additional Cash Reserve Ratio of 10%

Circular no. RBI/2023-24/52 DOR.RET.REC.29/12.01.001/2023-24; Dated: … Continue reading “RBI Directs all SCBs/RRBs/UCBs/State Co-operative Banks to Maintain an Additional Cash Reserve Ratio of 10%”

Blog, News, FEMA & Banking

August 11, 2023

RBI Keeps the Policy Repo Rate Under the Liquidity Adjustment Facility (LAF) Unchanged at 6.50 Per Cent

Press Release: 2023-2024/723, Dated: 10.08.2023 … Continue reading “RBI Keeps the Policy Repo Rate Under the Liquidity Adjustment Facility (LAF) Unchanged at 6.50 Per Cent”

Blog, News, FEMA & Banking

August 11, 2023

RBI Unveils Bold Reforms | From Conversational Payments to Frictionless Credit

RBI vide. Press Release No. … Continue reading “RBI Unveils Bold Reforms | From Conversational Payments to Frictionless Credit”

News, Blog, FEMA & Banking

August 8, 2023

Section 5 of PMLA Applies to Any Person Involved in Activities Connected With Proceeds of Crime, Not Only Limited to Accused | SAFEMA

Case Details: Smridhi Sponge Ltd. … Continue reading “Section 5 of PMLA Applies to Any Person Involved in Activities Connected With Proceeds of Crime, Not Only Limited to Accused | SAFEMA”

Blog, News, FEMA & Banking

August 5, 2023

Sec. 35 of SARFAESI Doesn’t Grant Priority to Secured Creditors Over State Dues

Case Details: State of Himachal … Continue reading “Sec. 35 of SARFAESI Doesn’t Grant Priority to Secured Creditors Over State Dues”

Blog, News, FEMA & Banking

August 4, 2023

RBI Approves of Voluntary Amalgamation of ‘Navanirman Co-op Urban Bank’ With ‘Rajadhani Co-op Urban Bank’

Press Release: 2023-2024/689, Dated: 02.08.2023 … Continue reading “RBI Approves of Voluntary Amalgamation of ‘Navanirman Co-op Urban Bank’ With ‘Rajadhani Co-op Urban Bank’”

News, Blog, FEMA & Banking

August 3, 2023

88% of Rs 2000 Banknotes in Circulation Returned to Banks Till July 31, 2023 | RBI

Press Release: 2023-2024/682, Dated: 01.08.2023 … Continue reading “88% of Rs 2000 Banknotes in Circulation Returned to Banks Till July 31, 2023 | RBI”

Blog, News, FEMA & Banking

August 3, 2023

Borrower Can File a Civil Suit for Dispute Falling Within DRT’s Jurisdiction, But Once Chosen, the Forum Can’t be Changed

Case Details: Vishal Aggarwal v. … Continue reading “Borrower Can File a Civil Suit for Dispute Falling Within DRT’s Jurisdiction, But Once Chosen, the Forum Can’t be Changed”