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RBI Initiates Video Based KYC as an Alternative to alre...

Video based KYC

RBI on Thursday issued news circular stating the introduction of Video based KYC which shall serve as an alternative to already available e-KYC facility. A...

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Full Fledge Money Changers

What are RBI Compliances for FFMC (Full Fledged Money C...

RBI Compliances for FFMC

Under Section 10 of the Foreign Exchange Management Act, 1999[1], the Reserve Bank of India authorizes entities to deal in foreign exchange for specific pu...

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RBI Notification

Steps Taken by RBI to Develop Fintech

Steps-Taken-by-RBI-to-Develop-Fintech

With the rapid change in technology and customer expectations, the regulatory authorities are constantly taking steps to recognize the changes that are tak...

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RBI Notification

CBDT to fine hefty fine penalty of Rs. 5000/day from Fe...

not accepting Digital Payments

Finance Minister Nirmala Sitharaman in July Budget propounded, that the business establishments with annual turnover more than 50 crores shall offer such l...

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RBI Notification

MANI App: RBI’s New Years Gift to Visually Impair...

RBI-launched-app-for-visually-impaired-people

The Governor of Reserve Bank of India (RBI) on January 1, 2020, launched the “Mobile Aided Note Identifier (MANI)”, a mobile application for assisting...

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Finance Business Payment Bank License

RBI Unveils New type of Semi-Closed Prepaid Payment Ins...

Prepaid-Payment-Instruments (PPIs)-Launched

As per RBI, the amount loaded in newly launched Prepaid Payment Instruments (PPIs) during any month shall not exceed Rs 10,000 Introduction of a new type o...

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Latest News RBI Notification

RBI Norms to Strengthen ARC (Asset Reconstruction Compa...

The RBI on December 6, 2019, has issued notification for  Asset  Reconstruction  Companies restricting them from acquiring financial assets...

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NBFC RBI Regulations

Lending Rules for NBFCs Under Reserve Bank of India...

Lending rules for nbfc

Reserve Bank of India is playing a regulatory role in the NBFC sector. NBFC can neither run their business without getting the License from the RBI nor con...

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