FEMA & Banking

Blog, News, FEMA & Banking

December 17, 2021

RBI permits payments banks and small finance banks to conduct Government agency business

Circular No. RBI/2021-22/140 CO.DGBA.GBD.No.S1112/42-01-033/2021-2022 Dated: … Continue reading “RBI permits payments banks and small finance banks to conduct Government agency business”

Blog, News, FEMA & Banking

December 17, 2021

Borrowers cannot pray to Court to grant One Time Settlement Scheme as a matter of right, rules: SC

Case Details: Bijnor Urban Cooperative … Continue reading “Borrowers cannot pray to Court to grant One Time Settlement Scheme as a matter of right, rules: SC”

Blog, News, FEMA & Banking

December 15, 2021

HC dismisses frivolous writ plea filed by directors against the issue of SCN for unauthorized dealing in forex

Case Details: Nataraj Dakshinamurthy v. … Continue reading “HC dismisses frivolous writ plea filed by directors against the issue of SCN for unauthorized dealing in forex”

Blog, News, FEMA & Banking

December 14, 2021

RBI mandates ‘Legal Entity Identifier’ for Rs. 50 crore plus cross-border deals

Circular No. RBI/2021-22/137 A.P. (DIR … Continue reading “RBI mandates ‘Legal Entity Identifier’ for Rs. 50 crore plus cross-border deals”

Blog, News, FEMA & Banking

December 14, 2021

RBI proposes to return to the normal dispensation under the ‘Marginal Standing Facility’ w.e.f Jan1, 2022.

Circular no. RBI/2021-22/138 DOR.RET.REC.73/12.01.001/2021-22 Dated: … Continue reading “RBI proposes to return to the normal dispensation under the ‘Marginal Standing Facility’ w.e.f Jan1, 2022.”

News, Blog, FEMA & Banking

December 13, 2021

Central Bank permits banks to infuse capital in overseas branches without its prior approval

Circular no. RBI/2021-22/136, Dated, 8-12-2021 … Continue reading “Central Bank permits banks to infuse capital in overseas branches without its prior approval”

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December 13, 2021

RBI permits interbank rate or alternative reference rate for External Commercial Borrowings & Trade Credits

Circular no. DOR.CAP.REC. No.72/21.06.201/2021-22, Dated: … Continue reading “RBI permits interbank rate or alternative reference rate for External Commercial Borrowings & Trade Credits”

Blog, News, FEMA & Banking

December 9, 2021

RBI keeps repo rate unchanged at 4.0%

Press release: Dated 08-12-2021 Based … Continue reading “RBI keeps repo rate unchanged at 4.0%”

Blog, News, FEMA & Banking

December 9, 2021

SC upholds constitutionality of RBI’s decision to ban ‘Merchanting Trade Transactions’ pertaining to PPE kits

Case Details: Akshay N Patel … Continue reading “SC upholds constitutionality of RBI’s decision to ban ‘Merchanting Trade Transactions’ pertaining to PPE kits”

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December 8, 2021

Complainant can’t pursue the original complaint u/s 138 of NI Act once settlement has been entered into by parties: SC

Case Details: Gimpex (P.) Ltd. … Continue reading “Complainant can’t pursue the original complaint u/s 138 of NI Act once settlement has been entered into by parties: SC”