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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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News

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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