FEMA & Banking

Blog, News, FEMA & Banking

May 5, 2022

RBI hikes policy repo rate by 40 bps to 4.40% under the Liquidity Adjustment Facility

Press Release Dated, 04.05.2022 The … Continue reading “RBI hikes policy repo rate by 40 bps to 4.40% under the Liquidity Adjustment Facility”

News, Blog, FEMA & Banking

May 4, 2022

Power of attorney executed with assignment deed under SARFAESI Act wasn’t liable for separate stamp duty: SC

Case Details: Asset Reconstruction Co. … Continue reading “Power of attorney executed with assignment deed under SARFAESI Act wasn’t liable for separate stamp duty: SC”

Blog, News, FEMA & Banking

May 3, 2022

IFSCA permits registered broker-dealers to provide market access to investors

Circular No. IFSCA/CMD-DMIIT/AP/2022-23/1, Dated 29.04.2022 … Continue reading “IFSCA permits registered broker-dealers to provide market access to investors”

Blog, News, FEMA & Banking

May 2, 2022

ED seizes Xiaomi’s assets worth Rs 5,551 crore for illegal forex remittances

The Enforcement Directorate (ED) has … Continue reading “ED seizes Xiaomi’s assets worth Rs 5,551 crore for illegal forex remittances”

Blog, News, FEMA & Banking

April 29, 2022

IFSCA prescribes a framework for FinTech entities in IFSC

IFSCA Circular no. F.No. 521/IFSCA/FinTech/FE … Continue reading “IFSCA prescribes a framework for FinTech entities in IFSC”

Blog, News, FEMA & Banking

April 29, 2022

IFSCA mandates IFCS banking units to develop a comprehensive policy on sustainable linked lending

Notification No. F. No 584/ … Continue reading “IFSCA mandates IFCS banking units to develop a comprehensive policy on sustainable linked lending”

Blog, News, FEMA & Banking

April 28, 2022

Delayed forfeiture of earnest money by a bank due to COVID-19 outbreak was quashed: HC

Case Details: Palwinder Kumar Kwatra … Continue reading “Delayed forfeiture of earnest money by a bank due to COVID-19 outbreak was quashed: HC”

Blog, News, FEMA & Banking

April 24, 2022

Top 10 Key Takeaways from RBI’s new Rules on Issuance and Conduct of Debit, Credit Cards

The RBI vide. Circular No. … Continue reading “Top 10 Key Takeaways from RBI’s new Rules on Issuance and Conduct of Debit, Credit Cards”

News, Blog, FEMA & Banking

April 24, 2022

RBI amends Legal Entity Identifier (LEI) guidelines

Circular no. RBI/2022-23/34 DOR.CRE.REC.28/21.04.048/2022-23, Dated: … Continue reading “RBI amends Legal Entity Identifier (LEI) guidelines”

Blog, News, FEMA & Banking

April 24, 2022

Urban Co-operative Banks prohibited from creating non-statutory honorary positions at Board level

Circular No. RBI/2022-23/33 DOR.GOV.REC.No.26/18.10.004/2022-23, Dated … Continue reading “Urban Co-operative Banks prohibited from creating non-statutory honorary positions at Board level”