RBI

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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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RBI Regulations

Key Highlights of the RBI Monetary Policy 2021

Key Highlights of the RBI Monetary Policy 2021

The Monetary Policy Committee of the RBI announced that it will keep the status quo in its key rates. It has left the repo rate unchanged at 4%. The Moneta...

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RBI Notification

RBI guidelines for Amalgamation of District Central Co-...

RBI guidelines for Amalgamation of District Central Co-operative Banks with State Co-operative Bank

The Reserve Bank released a notification on May 24, 2021, stating that it would consider amalgamation of District Central Co-operative banks with the state...

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RBI Notification

Interoperability of PPIs: RBI mandates pre-paid cards,...

Interoperability of PPIs: RBI mandates pre-paid cards, wallets to be made interoperable

The Reserve Bank of India mandated all prepaid payment instruments or wallets that are KYC compliant to be made interoperable by March 2022. The Reserve ba...

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RBI Notification

Guidelines laid down by RBI for Appointment of Statutor...

RBI issues guidelines for Appointment of Statutory Auditors of Banks, NBFCs

The Reserve Bank recently issued guidelines for the appointment of statutory auditors of banks and NBFCs. The guidelines for appointment of statutory centr...

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RBI Regulations

Constitution of the Regulations Review Authority (RRA)...

Constitution of the Regulations Review Authority (RRA) 2.0

The Reserve bank announced the setting up of regulations review authority 2.0 to review its regulations internally as well as in consultation with other st...

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FEMA

Can Commercial Property in India be purchased by an NRI...

Can Commercial Property in India be purchased by an NRI?

This is a question that has come up again and again, and with this has come some other relevant questions, too, like if NRIs can buy commercial property in...

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RBI Notification

RBI doubles deposit limit of Payments Bank

Limit of Payments bank

The Reserve bank vide notification released on April 8, 2021, enhanced the maximum end-of-day balance for payments banks to 2 lakh rupees. This limit was 1...

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