The Reserve Bank of India (RBI) has issued guidelines for banks, non-banking financial companies (NBFCs) and other regulated entities to address the issues faced by the borrowers and towards promoting responsible lending conduct among such entities. In terms of the guidelines on Fair Practices Code issued to various Regulated Entities (REs) since 2003, REs are …
SUMMARY:.The RBI has issued a directive requiring Regulated Entities (REs), including banks, NBFCs (including HFCs), ARCs, LABs, and Co-Op Banks, to release all original movable and immovable property documents within 30 days after the full repayment or settlement.The move will come into effect on December 1, 2023.It further said failure to comply with this directive …
The Reserve Bank of India (RBI) on Friday issued new guidelines for the levy of penal rates of interest on loan accounts. Under the new guidelines, the penalty for non-compliance with the terms of the loan by the borrower shall be treated as “penal charges” and not as “penal interest” that is added to the …
Seeks feedback on draft by Aug 23 The Reserve Bank of India is planning to rationalise the existing provisions governing overseas direct investment regulations under the Foreign Exchange Management Act (FEMA), 1999. This is to further liberalise the regulatory framework and promote ease of doing business, per the RBI’s draft Foreign Exchange Management/FEM (Non-debt Instruments …
RBI MOVES TO EASE OVERSEAS DIRECT INVESTMENT REGULATIONS UNDER FEMA Read More »
The Reserve Bank of India (RBI) has allowed sponsor investments by Indian entities in alternative investment funds (AIFs) set up in an overseas jurisdiction or in an International Financial Services Centre (IFSC) in India to come through the automatic route. The relaxation is expected to resolve the issue of round tripping associated with sponsor commitment …
SPONSOR INVESTMENTS IN IFSC AIFS TO COME UNDER THE AUTOMATIC ROUTE Read More »
