FEMA Rule-Current Account Transactions-Amendment
RBI fixes USD 2,50,000 for remittances by individual for aggregate of certain current account transa...
Now banks can issue FDs exceeding 15 lakhs without option of pre-mature withdrawal at differential interest rates
Earlier, banks were allowed to offer differential rates of interest on term deposits on the basis of...
Complaints against banks increase by 8.55% during 2013-14
Complaints received by offices of banking ombudsmen increased by 8.55 per cent during the year...
Making payments for imports made easy
Reserve Bank of India has further liberalized the regime for making payments for imports by doing aw...
RBI Comments on Bank Auditors
RBI asks bank auditors to have a stringent monitoring process Pointing to the gaps in the auditors&#...
RBI launches the Dec-2014 round of inflation expectations survey of households
With an aim to seek responses on price changes in the next three months and one year, the Reserve Ba...
RBI on ECB-FD
RBI allows ECB borrowers to park ECB proceeds in fixed deposits for 6 months pending their utilizati...
NBFC-Revised Regulatory Framework
RBI tightens norms for NBFCs In a bid to bring non-banking financial company (NBFC) norms in line wi...
RBI is in the process of modifying definition of wilful defaulters, says Rajan
RBI Governor Raghuram Rajan today said that the central bank is in the process of modifying the defi...
Black Money Hawala and Jan Dhan Yojana
As per RBI hawala operator and money launderers can misuse Jan Dhan Yojana for Hawala & Black Mo...