RBI launches Survey on Computer Software and Information Technology Enabled Services (ITES) Exports for the year 2018-19 by Lexplosion | Jun 18, 2019 | CORP, IT and ITeS, statesIn a recent Press Release dated June 14, 2019, the Reserve Bank of India (“RBI”) has launched its... Read More
RBI amends KYC Norms for Regulated Entities; allows use of Aadhar for KYC with the consent of customers by Lexplosion | Jun 4, 2019 | CORP, NBFCs, statesIn line with the amendments to the Prevention of Money-laundering (Maintenance of Records) Rules,... Read More
RBI addresses the risk management issues in NBFCs; mandates NBFCs with asset size of more than Rs. 50 billion to appoint a Chief Risk Officer by Lexplosion | May 20, 2019 | Banking, CORP, statesThe Reserve Bank of India (“RBI”) has, in a notification dated May 16, 2019, directed... Read More
RBI issues Foreign Exchange Management (Permissible Capital Account Transaction) (First Amendment) Regulations, 2019; prohibits capital account transactions with the Democratic People’s Republic of Korea by Lexplosion | Mar 13, 2019 | FOREX, Industries, statesThe Reserve Bank of India (“RBI”) has, in a Notification dated 7th March, 2019, issued the Foreign... Read More
RBI amends FEMA (Permissible Capital Account Transactions) Regulations; defines derivative for the first time; effective 26-02-2019 by Lexplosion | Mar 4, 2019 | CORP, FOREXThe Reserve Bank of India, Financial Markets Regulations Department (“Department”) has by virtue... Read More
