The article reports on the proposals by the Indian central bank as it plans to issue new banking licenses as of July 2010, namely, increase the capital requirements and put a cap on foreign holding in new private-sector banks to less than 50%....
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...
Indiabanking NewRBIrulesonbanktakeoverofstressedborrowers-incrementalpositivebutnotmagicbullet TheRBIissuednewguidelines(link)onbanks’takeoverofborrowers’companiesifthemanagementsareunabletomeet milestonessetoutinarestructuringagreement.Thisisanincrementalpositiveasitisnowamajordisincentivefor stressedpromoterstostallnego...
Endpoint Central MSP provides a dedicated configuration for security policies employable organisation wide or only for select endpoints/users. Customisability of firewall rules is also offered. Patch management is covered by Endpoint Central MSP for all major OSs, drivers and over 250 third party app...
Banks in India which operate International Financial Services Centre (IFSC) Banking Units (IBUs) were permitted to transact in INR Non-deliverable foreign exchange derivative contracts (NDDCs) with non-residents and with each other with effect from June 1, 2020. With a view to develop the onsho...
The RBI vide Notification no. No. DOR.FIN.081/CGM (JPS)- 2022, dated 14.01.2022 has notified the Registration of Assignment of Receivables (Reserve Bank) Regulations, 2022.
RBI issues guidelines for starting new payments banks As part of India's broad strategy to widen banking access in the country, Reserve Bank of India (RBI) has recently issued fresh rules to allow a host of ne... - Electronics today: India's oldest techno-economic electronics monthly journal...
The Reserve Bank of India defines and designates the Foreign Exchange Management Act (FEMA) which establishes the unique set of rules and regulations that controls foreign remittance and its exchange. If you are an NRI residing overseas and want to send money to your family members in India, ...
RMM Central provides a dedicated configuration for security policies employable organisation wide or only for select endpoints/users. Customisability of firewall rules is also offered. Patch management is covered by RMM Central for all major OSs, drivers and over 250 third party applications to recti...
In a recently released draft circular, RBI has proposed new rules of dividend payout for domestic and overseas banks operating in India. The proposed rules will be effective from fiscal year 2024-25 onwards. RBI has invited public feedback on the proposed rules by 31 January, 2024. ...