FEMA & Banking

Blog, News, FEMA & Banking

July 8, 2022

RBI includes ‘Unity Small Finance Bank Limited’ in the list of Scheduled Banks

Circular no. RBI/2022-23/81 DoR.RET.REC.52/12.07.160/2022-23, Dated: … Continue reading “RBI includes ‘Unity Small Finance Bank Limited’ in the list of Scheduled Banks”

Blog, News, FEMA & Banking

July 6, 2022

Non-bank PSOs required to take prior approval for takeover/ acquisition/sale & transfer of payment: RBI

Circular no CO.DPSS.POLC.No. S-590/02-14-006/2022-23, Dated: … Continue reading “Non-bank PSOs required to take prior approval for takeover/ acquisition/sale & transfer of payment: RBI”

News, Blog, FEMA & Banking

July 6, 2022

Govt. designates CERSAI as authority to create, maintain and operate database of deposit takers operating in India

NOTIFICATION No. S.O. 3042(E), Dated … Continue reading “Govt. designates CERSAI as authority to create, maintain and operate database of deposit takers operating in India”

Blog, News, FEMA & Banking

July 4, 2022

Government relaxes FCRA norms; hikes limit for foreign contribution from relatives

Notification No. G.S.R. 506(E), Dated … Continue reading “Government relaxes FCRA norms; hikes limit for foreign contribution from relatives”

Blog, News, FEMA & Banking

July 4, 2022

RBI directs banks to conduct a quarterly test for the ‘Note Sorting’ machines

Circular No. RBI/2022-23/79 DCM(NPD)No.S488/18.00.14/2022-23, Dated … Continue reading “RBI directs banks to conduct a quarterly test for the ‘Note Sorting’ machines”

Blog, News, FEMA & Banking

July 4, 2022

Quantum of penalty for acceptance of foreign contribution in contravention of FCRA increased

Notification No. S.O. 3025(E), Dated … Continue reading “Quantum of penalty for acceptance of foreign contribution in contravention of FCRA increased”

Blog, News, FEMA & Banking

July 4, 2022

Govt. constitutes ‘FSIB’ to recommend persons for financial services institutions

Notification no: F. No. 14/1/2022-BO-I, … Continue reading “Govt. constitutes ‘FSIB’ to recommend persons for financial services institutions”

Blog, News, FEMA & Banking

June 27, 2022

RBI extends the timeline for card tokenization by another 3 months till Sept 30, 2022

Circular no. RBI/2022-23/77 CO.DPSS.POLC.No.S-567/02-14-003/2022-23, Dated: … Continue reading “RBI extends the timeline for card tokenization by another 3 months till Sept 30, 2022”

News, Blog, FEMA & Banking

June 25, 2022

RBI doubles the limit on home loans issued by UCBs to eligible borrowers

Master Circular no. RBI/2022-23/76 DOR.CRE.REC.No.49/09.22.010/2022-23, … Continue reading “RBI doubles the limit on home loans issued by UCBs to eligible borrowers”

Blog, News, FEMA & Banking

June 25, 2022

Resident individuals are not permitted to transact in BDR on IIBX: IFSCA

Circular no. 329/IFSCA/DPM/TS/2022-23/1, Dated: 17.06.2022 … Continue reading “Resident individuals are not permitted to transact in BDR on IIBX: IFSCA”