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RBI Notification

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Overview of Liberalised Remittance Scheme in India

Before Liberalised Remittance Scheme in India, permission had to be compulsorily taken from the RBI to send money abroad, which took a lot of time and form...

RBI Revised Repo Rate during Covid-19 Pandemic

Repo Rate is the rate at which the Reserve bank of India (RBI) lends money to commercial banks in case there is any shortage of funds. It is considered as....

Mar 26 2020

Priority Sector On-Lending by NBFC

The Reserve Bank of India issued a notification on 23rd March 2020 regarding the Priority Sector on-Lending by NBFC.  This circular will cover the ext...

Mar 20 2020

Guidelines mandated by RBI on Regulation of Payment Agg...

Payment Aggregators and Payment Gateways are intermediaries which play an important role in facilitating payments in the online space. On 17th March 2020,...

YES Bank Reconstruction Scheme 2020 – Revealed by RBI...

Yes bank Ltd. has been facing various turmoil and financial disturbances from the year 2018, and the bank was looking for some investment options to contro...

RBI Gives a Window of 9 Months for One-Time Restructuri...

RBI extends one-time restructuring scheme for MSME Loans by 9 months from March 31, 2020 to December 31, 2020. The Reserve Bank of India (RBI) has decided...

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Feb 13 2020

RBI Allows Cash Reserve Ratio Exemption for New Retail,...

RBI in its continuous effort of revitalizing the flow of bank credit and boosting demand, granted Banks, Cash Reserve Ratio (CRR) exemption for five years...

Jan 24 2020

Role of Financial Intelligence Unit in Restraining Mone...

Financial Intelligence Unit is playing a major role in restraining the Money laundering and terrorist financing activities. Registration of Financial Intel...

Jan 15 2020

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

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...

Jan 04 2020

Steps Taken by RBI to Develop Fintech

With the rapid change in technology and customer expectations, the regulatory authorities are constantly taking steps to recognize the changes that are tak...

Jan 04 2020

CBDT to fine hefty fine penalty of Rs. 5000/day from Fe...

Finance Minister Nirmala Sitharaman in July Budget propounded, that the business establishments with annual turnover more than 50 crores shall offer such l...

Jan 03 2020

MANI App: RBI’s New Years Gift to Visually Impair...

The Governor of Reserve Bank of India (RBI) on January 1, 2020, launched the “Mobile Aided Note Identifier (MANI)”, a mobile application for assisting...

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