First, this regulation, requiring RBI’s approval for change of control, shareholding or management, applies to all NBFCs, large or small. Given the expanse of the definition, exacerbated by the lack of clarity, this regulation is a constant pain for most NBFCs, particularly the smaller ones...
Twitter Google Share on Facebook Bank regulation (redirected fromBanking regulation) Bank regulation The formulation and issuance by authorized agencies of specific rules orregulations, under governing law, for the conduct and structure of banking. ...
make the laws and regulations stringent, and follow fraud mitigation and Fraud Prevention practices to curb the financial crimes in the banking sector. But to understand Financial Crimes in Banking Sector let us first go through the definition of Financial Crime. ...
Development of Assets, Realty & Management Services Development of Biotechnology and Environmental Conservation Center Development of Capitalism in Russia, The Development of Clinical Imaging Drugs and Enhancers Development of Coupled Models and Their Validation Against Experiments ...
SFBs were set up for offering credit to micro and small enterprises, agriculture and providing banking services in unbanked and under-banked regions in the country. Uma Shankar Paliwal, CEO, Association of Small Finance Banks of India (ASFBI) said that the tagline “Small Banks: Empowering Big...
The Ministry of Corporate Affairs has exempted certain class of government companies that are notified as public financial institution under the Companies Act and those registered as Non-Banking Financial Company (NBFC) with the Reserve Bank of India (RBI), among others, from following Accounting Sta...
We are pleased to launch the FinTax hour, a webinar series that will give you an insight into the world of Financial Services (FS) from the tax perspective. The FS space is ready for disruption over the next 10 years, and we need to reinvent our mindset and re-engineer ourselves. The...
Under the same roof, but separate ; The holding company model proposed by RBI for the Indian financial sector will enable better regulation of entities.Anand Adhikari
The law is also running into problems in Israel, another nation that hardly fits the “tax haven” definition. A Forbes columnist has a dismal assessment of this intrusive and destructive law. …the Israeli High Court’s temporary injunction against the enforcement of America’s controversial globa...
HSBCis a British bank and financial services group. It is headquartered in London, England. Indian Banklaunched new services under its digital transformation initiative — Project WAVE. Indian Bank in collaboration with National E-Governance Services Ltd introduced an electronic bank guarantee (e-BG)...