ix. Card-issuers shall ensure that the telemarketers they engage, comply with directions/regulations on the subject issued by the Telecom Regulatory Authority of India (TRAI) from time to time while adhering to guidelines issued on “Unsolicited Commercial Communications – National Cu...
Accelerate your Database Activity Monitoring readiness to comply with Reserve Bank of India (RBI) Guidelines Jan 2024 | Version 24.01 Copyright © 2023, Oracle and/or its affiliates PURPOSE This technical white-paper provides an overview of Database Activity Monitoring requirements for compliance ...
the foreign exchange (Forex) transactions are governed by the Reserve Bank of India (RBI) via the Foreign Exchange Management Act (FEMA). As someone with access to foreign currency, you should know RBI guidelines for Foreign Exchange Transactions. ...
2000. With the introduction of the new Act in place of FERA, certain structural changes were brought in. The Act consolidates and amends the law relating to foreign exchange to facilitate external trade and payments, and to promote the orderly development and maintenance of foreign exchange ...
Drip pricing:The survey revealed that 42% of users experienced the addition of hidden charges (excluding taxes) to the total cab fare after the ride. The Department of Consumer Affairs (DoCA) in itsguidelinesfor the regulation and prevention of dark patterns, defines this as drip pricing or ...
Restoring Credit The credit cards business is booming, but so are user complaints. The RBI steps in with guidelines to stem the growing harassment of card users. money today checks out how far the guidelines go.Puja Mehra
The RBI moratorium won’t be applicable on credit card repayments as outstanding on such accounts is not classified as a term loan. In addition, the RBI has clarified that the rescheduling of payments will not qualify as a default and there will be no risk of the account being...
The Reserve Bank of India (RBI) has recently released a fresh set of guidelines, altering the terrain for home buyers and borrowers alike. As we live through the changes, it is essential to understand what these mandates entail and how they may affect your path to home ownership. In this ...
1. Guidelines for digital lending to protect borrowers issued by RBI. As per the new guidelines by RBI, regulated entities cannot store borrowers' data except for some basic minimal information. The lender can now only store information like the name, address, contact details of the customer, ...
Regardless of the business mix, the position of CGM (scale VIII) would now be open at all nationalised banks below the board level under the updated guidelines. In 2019, the government established the CGM level position in banks with a business mix exceeding ₹10 lakh crore. ...