The bank mustensure compliance with theRevision to the Guidelines on Securitisation Transactionscircular issued by the RBI in 2012. The guidelines also cover theMinimum Holding Period (MHP), which stipulates that banksmust retain a certain portion of co-lending loans for a certain period. For examp...
Another major inhibitor is the tax treatment of such tokenised assets. This is because given the construct of such token it will get classified as virtual digital asset under section 2(47A)4of the Income Tax Act, 1961. The implication of this is that income on sale of such assets will g...
Another major inhibitor is the tax treatment of such tokenised assets. This is because given the construct of such token it will get classified as virtual digital asset under section 2(47A)4of the Income Tax Act, 1961. The implication of this is that income on sale of such assets will g...
RBI deems 2018 circular against cryptocurrency no longer valid, says banks can no longer use it to try to halt crypto trading Cryptocurrency has not had an easy time in India. Not only was… Soumyadeep Sarkar June 1, 2021 2 minute readBusiness News Startups [Update: Services now online...
The RBI annually publishes the applicable guidelines for FFMC in the form of a master circular called the Memorandum of Instruction on Money Changing Activities. What are the Types of Money Changers? The different types of authorized money changers or dealers are the businesses granted Full ...
The coin will be in the denomination of ₹100. It will be circular, with a diameter of 44 millimetres and 200 serrations. Its weight will be 35-gram. Coin’s metal composition will be a quaternary alloy, with silver having a share of 50%, copper 40%, nickel 5%, and zinc 5%. ...
In November 2020, RBI had issued circular to scheduled commercial banks on Co-Lending Model (CLM). The circular was issued with the goal of leveraging banks' and NBFCs' comparative advantages in a collaborative effort in all categories of priority sector lending. ...
Statement on Developmental and Regulatory Policies This Statement sets out various developmental and regulatory policy measures to i enhance liquidity support t
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She addressed the seminar on the theme ‘Policies to Support Asia’s Rebound’. The seminar was held as part of 56th ADB (Asian Development Bank) Annual Meeting in Incheon, South Korea. At the 56th ADB annual meeting in Incheon of South Korea, She emphasized on four ‘I’s for long-ter...