The apex banking regulator had made it mandatory for all banks in the country to follow the revised bank locker rules. the amendments made by the Reserve Bank of India regarding the locker agreements have been in effect from January 1, 2023. What is...
In conclusion, the RBI’s recent penalties underscore the importance for regulated entities to maintain strict compliance with outsourcing regulations, particularly regarding core management functions. While the Outsourcing Guidelines as well as the provisions of CA 2013 permit engaging external auditors on...
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 ...
Companies issuing PPIs mustcomplywith RBI guidelines. These include customer verification processes, transaction limits, and maintaining a certain level of liquidity. The RBImandatescertain consumer protection measures, including ensuring the security of transactions and offering grievance redressal mechanisms. ...
The quarterly FFMC compliance ensures the filing of a quarterly statement regarding Foreign Currency Account/s maintained in India. 7.3. Annual Compliance The annual FFMC compliance ensures the filing of an annual statement giving the details of the amount written off during the financial year. 8. ...
When asked about communication from YouTube regarding account suspension, Akhtar said, “It’s not easy. Because they don’t entertain. According to them, what they say is the final verdict.” Akhtar emphasized that there is no clear room for negotiation with YouTube. ...
India and Australia have exchanged written notifications regarding ECTA. The Agreement will enter into force 30 days after this exchange of written notification between India and Australia according to Article 14.7 of the Agreement. Duties on 100 percent tariff lines are to be eliminated by Australia...
Regarding financial assets or economic resources of the nature of immovable properties. 7. IS-I Division of MHA would electronically forward the designated lists to the UAPA nodal officer of all States and UTs with the request to have the names of the designated individuals/entities, on the ...
If no reply is received from the cardholder within a period of 30 days, the card account shall be closed by the card-issuer, subject to payment of all dues by the cardholder. The information regarding the closure of card account shall also accordingly be updated with th...
The problem is that many Indian businesses don’t have the same option: the express checkout functionality, which some Indian businesses are now adopting (Cleartripwas possibly the first;Flipkarthad done it too) still takes customers through a “Verified by Visa” or “Mastercard Secure” layer,...