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RBI Notification

RBI allows Payments Banks and Small Finance Banks to un...

RBI allows Payments Banks and Small Finance Banks to undertake government agency business

The Reserve Bank of India (RBI) via notification has allowed Scheduled Payments Banks and Scheduled Small Finance Banks to become agents of the RBI who wis...

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RBI Notification

Online Payments through PPIs in India

Online Payments through PPIs in India

The system of PPIs in India has been around for a long time, dating back to the introduction of calling cards such as Virtual Calling Cards (VCCs), Voice O...

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RBI Notification

Cooperative societies are prohibited from using the wor...

Co-operative societies are prohibited from using the word “Bank” in their names

The Reserve Bank of India (RBI) has warned the public against dealing with cooperative societies that have added the word "bank" to their names in order to...

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FEMA

Treatment of Capital Gains Tax for Non-resident Indians...

Treatment of Capital Gains Tax for Non-resident Indians

An individual's taxability is determined by his or her residence status. A resident taxpayer, for example, is required to pay tax on all of his income deri...

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RBI Notification

RBI’s Retail Direct Scheme to facilitate investment i...

RBI’s Retail Direct Scheme to facilitate investment in G-Secs

Introduction In order to increase retail participation in government securities, the RBI, - Retail Direct facility was launched in the Statement of Develop...

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RBI Notification

RBI issues Directions for Appointment of Internal Ombud...

RBI issues Directions for Appointment of Internal Ombudsman by NBFCs

The Reserve Bank of India recently issued a detailed guideline on appointment of an internal ombudsman by NBFCs (Non-Banking Financial Companies). The RBI...

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News

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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RBI Notification

RBI Launches ‘HARBINGER 2021’- Its First Gl...

RBI Launches 'HARBINGER 2021'- Its First Global Hackathon

The Reserve Bank of India recently announced the launch of HARBINGER 2021- its first global hackathon. The theme of this global hackathon will be Smarter D...

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