FEMA & Banking

Blog, News, FEMA & Banking

August 2, 2024

RBI Releases Draft Directions on ‘Due Diligence of Aadhaar Enabled Payment System (AePS) Touchpoint Operators’

Press Release: 2024-2025/804, Dated: 31.07.2024 … Continue reading “RBI Releases Draft Directions on ‘Due Diligence of Aadhaar Enabled Payment System (AePS) Touchpoint Operators’”

Blog, News, FEMA & Banking

August 2, 2024

RBI Proposes New Authentication Methods for Digital Payments in Addition to SMS-Based OTP

Press Release: 2024-2025/809, Dated: 31.07.2024 … Continue reading “RBI Proposes New Authentication Methods for Digital Payments in Addition to SMS-Based OTP”

News, Blog, FEMA & Banking

August 1, 2024

RBI Issues Master Direction on Treatment of ‘Wilful Defaulters and Large Defaulters’

Master Direction No. RBI/DoR/2024-25/122 DoR.FIN.REC.No. … Continue reading “RBI Issues Master Direction on Treatment of ‘Wilful Defaulters and Large Defaulters’”

Blog, News, FEMA & Banking

August 1, 2024

RBI Releases Master Directions on ‘Cyber Resilience and Digital Payment Security Controls’

Circular No. RBI/DPSS/2024-25/123 CO.DPSS.OVRST.No.S447/06-26-002/2024-25; Dated: … Continue reading “RBI Releases Master Directions on ‘Cyber Resilience and Digital Payment Security Controls’”

Blog, News, FEMA & Banking

August 1, 2024

RBI Permits ‘Urban Cooperative Banks’ to Transfer Balances in Dividend Equalisation Fund to Free Reserves

Circular No. RBI/2024-25/57 DOR.CAP.REC.No.30/09.18.201/2024-25; Dated: … Continue reading “RBI Permits ‘Urban Cooperative Banks’ to Transfer Balances in Dividend Equalisation Fund to Free Reserves”

Blog, News, FEMA & Banking

July 31, 2024

RBI Restricts FPIs from Investing in New 14-Year and 30-Year G-Secs Under Fully Accessible Route

Circular No. RBI/2024-25/56 FMRD. FMID. … Continue reading “RBI Restricts FPIs from Investing in New 14-Year and 30-Year G-Secs Under Fully Accessible Route”

News, Blog, FEMA & Banking

July 29, 2024

RBI Issues Master Direction on Overseas Investment

FED Master Direction No.15/2024-25; Dated: … Continue reading “RBI Issues Master Direction on Overseas Investment”

Blog, News, FEMA & Banking

July 29, 2024

RBI Issues ‘Prompt Corrective Action’ Framework for Primary (Urban) Cooperative Banks

Circular No. RBI/2024-25/55 DOS.CO.PPG.SEC.No.8/11.01.005/2024-25; Dated: … Continue reading “RBI Issues ‘Prompt Corrective Action’ Framework for Primary (Urban) Cooperative Banks”

Blog, News, FEMA & Banking

July 26, 2024

RBI Revises Framework for ‘Domestic Money Transfer’ | Mandates Remitting Banks to Keep Beneficiary Records for Cash Payout

Circular No. RBI/2024-25/52 CO.DPSS.POLC.No.S415/02.27.019/2024-25, Dated: … Continue reading “RBI Revises Framework for ‘Domestic Money Transfer’ | Mandates Remitting Banks to Keep Beneficiary Records for Cash Payout”

Blog, News, FEMA & Banking

July 24, 2024

IFSCA Introduces Norms for the Regulation and Supervision of Payment and Settlement Systems

Notification No. IFSCA/GN/2024/005, Dated: 12.07.2024 … Continue reading “IFSCA Introduces Norms for the Regulation and Supervision of Payment and Settlement Systems”