Changes in India’s Overseas Investment Framework: Addressing the Round-Tripping Dilemma
by Rabindra Jhunjhunwala† and Sushmita Som††
Reserve Bank of India
Who is liable for unauthorised transactions via prepaid payment instruments? Madras High Court answers
Madras High Court said that the RBI guidelines are issued not as a formality, but the entities subjected to the RBI regulations should comply with the conditions of the master circular in its true letter and spirit
MoF tightens rules on International Credit Card transactions vide FEMA (Current Account Transactions) (Amendment) Rules, 2023
On 16-5-2023, the Ministry of Finance notified the Foreign Exchange Management (Current Account Transactions) (Amendment) Rules, 2023 to amend the Foreign Exchange
Procedures for empanelment of lawyers in Banks not in compliance with Constitutional mandate; Madras HC directs Nationalised Banks to reform their system of selection
Madras High Court said that whether it is contractual employment, temporary engagements or otherwise, the procedure to be adopted by Banks must be transparent and in compliance with the mandates of the Constitution.
Power to expand scope of ‘individual borrowers’ under RBI Circular, 2014 vests with RBI and not with High Court: Madras High Court
Madras High Court said that the circular dated 2-08-2019, cannot have any implication in respect of the sole proprietary concern of the petitioner i.e., “M/s. Murugan Idli Shop”.
Banks must hear borrowers before classifying their accounts as fraud as it may lead to its ‘civil death’: Supreme Court
The Supreme Court observed that principles of natural justice should be necessarily read into the provisions of the Master Directions on Frauds, to save it from the vice of arbitrariness.
LEGISLATION FEBRUARY 2023| 17+ Stories on Budget 2023-24; Revision of Income-Tax Forms; Definition of Piracy; Reduction of management fees of Asset Reconstruction Companies & SEBI Circulars; and more
UNION CABINET Union Budget 2023-24 Highlights: What’s in bag for middle-class? On 1-02-2023, the Union Finance Minister, Nirmala Sitharaman announced the Union
Legislation Year End Round-Up 2022 | Quick Recap of All the Important Legislations Relating to Central, State and Foreign Legislature
January Updates: Fire Detection and Protection system in passenger compartment in buses vide Central Motor Vehicles (First Amendment) Rules, 2022
Demonetisation Verdict: Breakdown of the majority and minority opinions
While BR Gavai, J has written the majority opinion for himself and SA Nazeer, A.S. Bopanna, V. Ramasubramanian, JJ, to uphold the legality of the 2016 demonetization, BV Nagarathna, J is the lone dissenter who has held that though demonetisation was well-intentioned and well thought of, the manner in which it was carried out was improper and unlawful.
Khaitan & Co advises Poonawalla Fincorp Limited (formerly Magma Fincorp Limited) on the proposed sale of its entire stake in its housing finance subsidiary Poonawalla Housing Finance Limited to TPG
DEAL DETAILS Poonawalla Fincorp Limited (formerly Magma Fincorp Limited) | Sale of entire stake held in Poonawalla Housing Finance Limited
When is the interest rate payable under Section 16 of the MSMED Act, 2006 applicable?
by Hiresh Choudhary† and Surbhi Sharma††
Role of Reserve Bank of India in the Conundrum of Resolution of Stressed Assets
by Swarnendu Chatterjee+ and Anwesha Pal++
Cite as: 2022 SCC OnLine Blog Exp 75
RBI notifies change in Bank Rate
On 05-08-2022, the Reserve Bank of India has issued a notification regarding the change in the bank rate. The Bank Rate is
RBI issued Guidelines on Note Authentication and Fitness Sorting Parameters
On 01-07-2022, Reserve Bank of India (‘RBI') issued guidelines on authentication of note and fitness sorting parameters for the Note
RBI notified provisioning requirement for Investment in Security Receipts in order to provide glide path for the Regional Rural Banks
On 28-08-2022, Reserve Bank of India (‘RBI') notified that for smooth functioning of the Regional Rural Banks (‘RRBs') and to
RBI introduces Legal Entity Identifier for Cross-border Transactions
The Reserve Bank of India has introduced legal entity identifier for cross-border transactions vide notification dated December 10, 2021. Key highlights:
RBI notifies Master Circular on Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances
The Reserve Bank of India has notified the prudential norms on income recognition, asset classification and provisioning pertaining to advances on October
Deposit Insurance and Credit Guarantee Corporation General (Amendment) Regulations, 2021
The Board of Deposit Insurance and Credit Guarantee Corporation, with the previous approval of the Reserve Bank of India notified Deposit Insurance
RBI releases Master Direction on RBI (Market-makers in OTC Derivatives) Directions, 2021
The Reserve Bank of India has issued Master Direction on Reserve Bank of India (Market-makers in OTC Derivatives) Directions, 2021 vide notification
There are many known heroes and unsung heroes. Whether printing the photo of National Leader Netaji Subash Chandra Bose on Indian Currency is possible or not? Detailed Report
Madras High Court: The Division Bench of N. Kirubakaran and M. Duraiswamy, JJ., while addressing the matter with the concern of printing