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RBI Notification

RBI revises Regulatory Restrictions on Loans and Advanc...

RBI revises Regulatory Restrictions on Loans and Advances

The Reserve Bank of India recently revamped the regulatory restrictions on loans and advances by banks to directors of other banks and related entities. Th...

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RBI Notification

RBI penalises 14 banks for non-compliance/contravention...

RBI penalises 14 banks for non-compliance/contravention of banking norms

The Reserve Bank of India imposed monetary penalties on various banks such as SBI, Bandhan Bank, Bank of Baroda etc., for non-compliance/contravention of b...

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RBI Notification

RBI issues Guidelines to manage Risk in Outsourcing of...

RBI issues Guidelines to manage Risk in Outsourcing of Financial Services by Co-operative Banks

The Reserve Bank of India released guidelines for co-operative banks to manage risks that will arise from the outsourcing of financial services. The Reserv...

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RBI Notification

RBI specifies Maximum Dividend Payout Ratio for NBFCs (...

RBI specifies Maximum Dividend Payout Ratio for NBFCs (Declaration of dividends by NBFCs)

On June 24, the Reserve Bank of India issued guidelines that specify the eligibility criteria for non-banking financial companies (NBFCs) to declare divide...

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RBI Notification

Reserve Bank allows lenders to raise ATM interchange fe...

ATM interchange fee

The Reserve Bank of India recently raised the ATM interchange fee that banks can charge on ATM transactions to 17 rupees per transaction. Earlier this fee...

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FEMA

Different types of Forex Transactions with Associated R...

Forex Transactions

Forex transactions refer to the sale and purchase of the foreign currencies. It is an agreement of exchanging the currency of a country for the currency of...

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FEMA

What are the pros and cons of FDI?

pros and cons of FDI

Foreign Direct Investments are usually made in open economies having skilled workforce and growth prospect. It doesn’t just bring in money but also techn...

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Prepaid Wallet License

How to obtain a Prepaid Wallet License in India?

Prepaid Wallet License

In a bid to make the payments process fast and easy, the Reserve bank has introduced various measures. One of those measures is Prepaid Wallet or the Payme...

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