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RBI PROCEDURE CHANGE
NRE vs NRO: One account can make your interest tax-free, the other can attract over 30% TDSNRIs and OCIs can use NRE accounts for overseas income and NRO accounts for India-sourced income, but tax treatment differs sharply. NRE in...
Foreign investors may bet big on Indian stocks after regulatory clarity emergesIndia has opened its stock markets to direct investment by foreign individuals, aiming to broaden capital sources beyond FPIs. While a long...
The safe keepers: Inside India's booming locker economyIndia’s locker economy is booming amid rising gold prices and household wealth. While banks remain the preferred repository, private vault ...
Operation Octopus: Trapping the tentacles of India’s cyber fraud networkAmidst the alarming increase in cyber scams, the Hyderabad Police have initiated Operation Octopus, a mission aimed at dismantling the enti...
RBI proposes banks to disclose detailed information on capital, risks under Basel Pillar 3The Reserve Bank of India is introducing new rules for banks under Basel III. Lenders will soon publish detailed information quarterly on c...
From axles to rare earth: India draws up list of 100 products it still can't make enough ofIndia is set to boost its manufacturing sector by identifying around 100 products for domestic production. This initiative aims to reduce r...
RBI should reject Tata Sons application to deregister as a CIC: InGovern ResearchCorporate governance firm InGovern Research Services urged the RBI to reject Tata Sons' application to deregister as a Systemically Importa...
Legal heirs to find it easier to claim deceased person's bank account, lockers: RBI plans to simplify procedureRBI Governor Sanjay Malhotra announced on August 6, 2025, that the process for legal heirs to access bank accounts and lockers of deceased ...
RBI tweaks procedure for opening special rupee vostro accountsThe Reserve Bank of India (RBI) has eased norms for opening Special Rupee Vostro Accounts (SRVAs), allowing banks to establish these accoun...
RBI to be more transparent in framing rulesThe Reserve Bank of India (RBI) announced a new consultative framework for issuing guidelines, allowing stakeholders 21 days to comment on ...
RBI defers applicability of limits on non-centrally cleared derivative exposures for banksMeanwhile, the RBI also amended its master directions on know your customer (KYC) guidelines for banks, dealing with the procedure on imple...
Bad loan battle: RBI to issue new directive after SC ruling“We remain committed not only to maintain but also to speed up the resolution of stressed assets in the banking sector,” Das said in the fi...
RBI asks NBFCs to charge interest rates based on preceding quarterEarlier to this, the rate charged by NBFC-MFIs depended on average borrowing cost during a financial year plus margin.
Allow mobile banking registration at ATMs: RBI to banksNPCI has developed the mobile banking registration service/option on the National Financial Switch and the service is ready to be deployed ...
RBI relaxes norms to raise funds via ECBsAs per the extant ECB policy, ECBs from direct foreign equity holders (FEHs) are considered both under the automatic and the approval route...
Supreme Court adds heft to reforms by refusing to stay FDI in retail, aviation, broadcasting and powerThe Supreme Court on Monday refused to countenance a plea to stay the recent press notes permitting FDI in retail, aviation, broadcasting a...
- RBI notifies changes in FDI norms
In order to streamline the procedures to boost foreign investment into the country, the DIPP comes out with a consolidated FDI circular eve...
RBI hikes bank rate after nine years to 9.5%After a gap of nearly nine years, the Reserve Bank has increased the bank rate by 3.50 percentage points to 9.5 per cent with immediate eff...
- RBI to run an efficiency test on its monetary policy tools
Amid volatile capital flows, the Reserve Bank of India (RBI) is taking a close look at the way it manages the money market and gives intere...
- ARCs want industry status, power to overhaul defaulting cos
Asset reconstruction companies (ARCs) are set to lobby with banking regulator RBI to get power to change managements of defaulting companie...