RBI’S crackdown on Cryptocurrencies — Facts and Implications
by Bhumesh Verma* and Soumya Shekhar**
RBI
RBI makes Aadhaar key to KYC compliance
Reserve Bank of India (RBI) has made linking of national biometric ID Aadhaar to bank accounts mandatory as part of its updated
RBI prohibits dealing in Virtual Currencies by regulated entities
Reserve Bank has repeatedly through its public notices on December 24, 2013, February 01, 2017 and December 05, 2017, cautioned users, holders
Prompt Corrective Action of RBI on Public Sector Banks
Reserve Bank of India has issued a Prompt Corrective Action (PCA) framework to maintain sound financial health of banks. It facilitates banks
RBI discontinues Letter of Undertaking, Letter of Comfort as instruments of trade credit
Reserve Bank of India has scrapped quasi bank guarantee instruments such as the Letter of Undertaking (LoU) and Letter of Comfort (LoC)
Insolvency and Bankruptcy Board of India signs MoU with Reserve Bank of India
The Insolvency and Bankruptcy Board of India (IBBI) has signed a Memorandum of Understanding (MoU) with Reserve Bank of India (RBI) on
Ombudsman Scheme for Non-Banking Financial Companies, 2018
In exercise of the powers conferred by Section 45L of the Reserve Bank of India Act, 1934, the Reserve Bank of India
RBI releases harmonized definitions of data elements covered in banking/regulatory returns
Reserve Bank of India had constituted an inter-departmental Task-force in December 2014, to provide “harmonised” definitions of major balance sheet/profit and loss/off-balance
RBI caps charges on debit card transactions at merchant outlets to Rs. 200
Rationalisation of Merchant Discount Rate (MDR) for Debit Card Transactions Please refer to paragraph 1 of Statement on Developmental and Regulatory Policies
RBI cautions co-operative societies from using the word “Bank” in their names and accepting deposits
It has come to the notice of Reserve Bank of India (RBI) that some Co-operative Societies are using the word “Bank” in
S. 7(9) of RTI Act cannot be invoked to deny the information sought
Central Information Commission: The Commission recently dealt with an RTI application in which the appellant had sought information regarding the month and year
Allowing last window for depositing old notes will defeat the purpose of demonetisation: Centre to SC
Supreme Court: Responding to the Notice issued by the bench of J.S. Khehar, CJ and Dr. D.Y. Chandrachud, J asking the Centre
District Central Cooperative Banks allowed to deposit demonetised notes with RBI
G.S.R. 611(E).—In exercise of the powers conferred by sub-section (1) of Section 11 of the Specified Bank Notes (Cessation of Liabilities) Act, 2017
The Banking Regulation (Amendment) Ordinance, 2017 promulgated for resolution of stressed assets
The promulgation of the Banking Regulation (Amendment) Ordinance, 2017 inserting two new Sections (viz. 35AA and 35AB) after Section 35A of the
SBI, being an agent of RBI, is not liable to purchase tax for replenishment licences or Exim scrips taken as a participant in the process of cancellation
Supreme Court: Deciding the question as to whether the State Bank of India (SBI) and its branches, which are registered dealers under
RBI cannot deny giving information under RTI Act by taking plea of fiduciary relationship with other banks
Supreme Court: In the present matter the question arose that whether Reserve Bank of India can deny giving information to the respondent
Reserve Bank of India seeks comments on its draft Charter of Customer Rights
Reserve Bank of India on August 22nd, 2014 placed a draft Charter of Customer Rights comprising of five basic customer rights and