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Finance

Guidelines for Borrower Dues Settlement by ARCs

Reserve Bank of India (RBI) has issued updated guidelines for the settlement of dues payable by borrowers to Asset Reconstruction Companies (ARCs) under the...

Finance

Special Non-Resident Rupee Accounts: RBI FAQs

The Special Non-Resident Rupee (SNRR) account facilitates specific INR transactions between residents and non-residents, reducing the need for frequent currency conversions. Authorized Dealer (AD)...

Finance

RBI Master Direction on Non-resident Debt Investment 2025

Reserve Bank of India (RBI) has issued the Master Direction on Non-resident Investment in Debt Instruments, 2025, to regulate foreign investments in Indian debt...

Finance

RBI Forms Committee for Ethical AI in Financial Sector

On December 26, 2024, the Reserve Bank of India (RBI) announced the formation of a committee to develop a Framework for Responsible and Ethical...

Finance

The Reserve Bank – Integrated Ombudsman Scheme, 2021 – FAQs

Reserve Bank of India (RBI) integrated its three erstwhile Ombudsman Schemes viz. (i) the Banking Ombudsman Scheme, 2006, (ii) the Ombudsman Scheme for Non-Banking Financial Companies,...

Finance

Amount transferred to statutory reserve as per RBI Act not deductible from assessable income

Shriram City Union Finance Limited Vs ACIT (Madras High Court) Madras High Court held that the amount transferred to the statutory reserve as mandated under...

Finance

Reporting of Foreign Exchange Transactions to Trade Repository

The Reserve Bank of India (RBI) has announced an expansion of reporting requirements for foreign exchange (FX) transactions to the Trade Repository (TR) of...

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