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All about the Newly Launched Integrated Ombudsman Schem...

All about the Newly Launched Integrated Ombudsman Scheme (RBI)

The Indian PM launched the integrated ombudsman scheme recently, which seeks to strengthen the grievance redress mechanism for consumers belonging to diffe...

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Uniform norms issued for accountability to protect bona...

Uniform norms issued for accountability to protect bonafide decision of bankers

The finance ministry recently issued uniform norms- staff accountability framework for NPA accounts up to 50 crore rupees to protect people taking bonafide...

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Supreme Court’s stance on Freezing of Bank Accounts u...

Supreme Court’s stance on Freezing of Bank Accounts under PMLA 2002

The Supreme Court recently allowed an appeal filed by OPTO Circuit India Ltd. that challenges an order of the Karnataka High Court. Additionally, the Supre...

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Delhi District Court entitles accused legal consultatio...

Delhi District Court entitles accused legal consultation of 20 minutes everyday while the custody of ED under PMLA

Accused under the PMLA are entitled to 20 minutes of legal consultation each day while in the custody of the ED, as stated by the Delhi Court. The Rouse Av...

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News RBI Notification

Online Dispute Resolution System for Digital Payments...

Online Dispute Resolution

In a major development, the Reserve Bank of India (RBI) announced the introduction of the Online Dispute Resolution system for resolving disputes and griev...

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Relaxations Provided to Employers, Employees, Real Esta...

Covid-19 Relief Package

Finance Minister Nirmala Sitharamanan has announced direct tax measures as part of the Covid-19 relief package. Prime Minister Mr. Narendra Modi had alread...

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RBI Initiates Video Based KYC as an Alternative to alre...

Video based KYC

RBI on Thursday issued news circular stating the introduction of Video based KYC which shall serve as an alternative to already available e-KYC facility. A...

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