The Government of Andhra Pradesh had notified formation of 13 new districts in the State. Accordingly, RBI has decided to designate Lead Banks of the new districts. Further, the District…
SEBI noticed that unscrupulous individuals are trying to cheat public by holding out as officials of Recovery and Refund Department of SEBI and falsely informing them about refund of, accordingly…
RBI had released “Liberalisation of Forex Flows” dated July 06, 2022 whereby AD Cat-I banks could utilise the funds raised from overseas foreign currency between July 08, 2022 amp; October…
The CBIC has earlier issued circular to clarify that reversal of credit is required on Bagasse. Now, this circular is withdrawn and it is clarified that reversal of credit is…
The SEBI has modified the ‘Cyber Security and Cyber Resilience framework for KYC Registration Agencies (KRAs) and Qualified Registrars to an Issue and Share Transfer Agents (QRTAs). As per the…
The Government has modified the Special Economic Zones Rules, 2006. A new rule 19A is added to the existing rules. As per rule 19A Any Unit authorized under rule 19…
The RBI has included “Unity Small Finance Bank Limited” in the list of Scheduled Banks vide Notification DoR.LIC.No. S543/16.13.216/2022-23 dated April 28, 2022 and published in the Gazette of India…
The RBI has advised all banks that with effect from 07.07.2022, the interest rate ceiling applicable to Foreign Currency (Non-resident) Accounts (Banks) (FCNR (B)) deposits is being temporarily withdrawn for…
RBI has made numerous measures to enhance forex inflows while ensuring overall macroeconomic and financial stability. The measures include easing norms for FPI investment in debt market, and increasing the…
RBI has advised banks that w.e.f the reporting fortnight beginning 30.07.2022, incremental Foreign Currency Non-Resident deposits as also Non-Resident (External) Rupee (NRE) Term deposits with reference to base date of…