Reuters
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...
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...
•Relaxesownershiprulesforbanks.Theexemptiontobanksfromcapitalmarketexposuresrestrictionsalsoremoves ahurdleforthebanks.Otherclarificationsonriskweights,etc.removetheuncertaintyovertheaccountingtreatmentof suchholdingsbybanks. •Limitsdiscretion.Thenewguidelinesmakeitincumbentuponbanksto:a)incorporatetheserulesintorestruct...
Central banks of Serbia, China sign MoU to facilitate yuan transactions trade financial services investment PBOC National Bank of Serbia time: 2023-12-13 07:20:22 views: 35457 Shanghai adds new rules for international financial arbitration, and sports development shanghai financial arbitra...
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...
RBI Rules to Sell Foreign Currency Per the RBI guidelines for Foreign Exchange transactions, you may sell forex if you follow these rules. You must submit the required KYC documents for selling foreign currency. Within 180 days of returning to India, you must surrender unspent forex kept in cas...
“If we look at it from a long term perspective, the new rules will not impact the payment side of our business, but it will impact the turnaround time, ability to give rewards, subscriptions and handle grievances. It is a revenue hit for banks, card network fee will go down, while ...
Are subscriptions in currencies other than INR exempt from these rules? No. The regulations apply to INR as well as non-INR payments. Stripe only supports non-INR e-mandates for specific currencies and for international (non-Indian) businesses. A small set of issuing banks might still not sup...
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...