FEMA & Banking

Blog, News, FEMA & Banking

June 16, 2022

RBI slams banks to follow instructions in true letter while extending loans

Circular no. RBI/2022-23/71 DOR.CRE.REC.No.47/13.03.00/2022-23, Dated: … Continue reading “RBI slams banks to follow instructions in true letter while extending loans”

News, Blog, FEMA & Banking

June 14, 2022

Primary UCBs shall continue to make provisions on inter-bank exposures: RBI

Circular no. RBI/2022-23/70 DOR.MRG.REC.46/00-00-011/2022-23, Dated: … Continue reading “Primary UCBs shall continue to make provisions on inter-bank exposures: RBI”

Blog, News, FEMA & Banking

June 13, 2022

Now authorized persons need not file a return disclosing detail of guarantee availed & invoked from NR entities: RBI

Circular no. RBI/2022-23/69 A.P. (DIR … Continue reading “Now authorized persons need not file a return disclosing detail of guarantee availed & invoked from NR entities: RBI”

Blog, News, FEMA & Banking

June 10, 2022

DRT has no power under any other law to restrain any person from travelling abroad: Bombay HC

Case Details: Anurag v. Bank … Continue reading “DRT has no power under any other law to restrain any person from travelling abroad: Bombay HC”

Blog, News, FEMA & Banking

June 10, 2022

RBI allows financially sound UCBs to provide doorstep banking services

Circular No. RBI/2022-23/66 DOR.REG.No.45/19.51.052/2022-23, Dated: … Continue reading “RBI allows financially sound UCBs to provide doorstep banking services”

Blog, News, FEMA & Banking

June 9, 2022

RBI hikes policy repo rate under the liquidity adjustment facility

Press Release: 2022-2023/333, Dated: 08.06.2022 … Continue reading “RBI hikes policy repo rate under the liquidity adjustment facility”

Blog, Advisory, FEMA & Banking

April 25, 2024

[Key Highlights] RBI’s Statement on Developmental and Regulatory Policies

What are RBI’s Developmental and … Continue reading “[Key Highlights] RBI’s Statement on Developmental and Regulatory Policies”

News, Blog, FEMA & Banking

June 8, 2022

Liability of mortgagor is co-extensive with other mortgagors/guarantors: HC

Case Details: Phoenix Arc (P.) … Continue reading “Liability of mortgagor is co-extensive with other mortgagors/guarantors: HC”

Blog, News, FEMA & Banking

June 7, 2022

No bail to petitioner-directors who were arrested for money laundering: HC

Case Details: N. Umashankar v. … Continue reading “No bail to petitioner-directors who were arrested for money laundering: HC”

Blog, News, FEMA & Banking

June 4, 2022

Govt. permits 14 reporting entities to perform authentication under Aadhaar Act

Notification No. S.O. 2543(E), Dated: … Continue reading “Govt. permits 14 reporting entities to perform authentication under Aadhaar Act”