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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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RBI Notification

Clarifications of RBI on PA/PG Guidelines

PA PG Guidelines

Given the rise in popularity of online financial transactions in recent years, spurred by the Internet, the role of intermediaries that support such online...

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RBI Notification

Auto-Debit Rules of RBI have become effective for Recur...

Auto-Debit Rules of RBI have become effective for Recurring Online Transactions

You have most likely received many emails from your banks in the last few days informing you that any auto-debit instructions on your cards would no longer...

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FEMA

Casting Light on the Role of RBI under FEMA

Casting Light on the Role of RBI under FEMA

FEMA was introduced in India with a view to simplify import and export trade and to protect foreign exchange market. The Foreign Exchange Management Act re...

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FEMA Foreign Exchange Management

A Detailed Review of Foreign Exchange Management Act 19...

A Detailed Review of Foreign Exchange Management Act 1999

The Foreign Exchange Management Act was enacted by the Indian parliament, and it came into force in 2000. FEMA was introduced considering the new, liberal...

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RBI Notification

Internal Ombudsman Scheme mandated for NBFCs

Internal Ombudsman Scheme mandated for NBFCs

The RBI recently announced the introduction of Internal Ombudsman Scheme for certain categories of NBFCs. The RBI said that it has planned to introduce the...

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RBI Notification

RBI Announces Offline Retail Digital Payments

RBI Announces Offline Retail Digital Payments

The Reserve Bank made an announcement recently on a nationwide framework for implementation of offline retail digital payments. Offline digital payments ma...

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News

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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