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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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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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