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RBI

Understanding the Banking Regulation (Amendment) Ordinance 2020 for Cooperative Banks

The Banking Regulation (Amendment) Ordinance, 2020 enhances cooperative banks' governance in India, protecting depositors and promoting sound practices.

RBI

RBI December 2024 Monetary Policy: Key Highlights and Impacts

RBI's December 2024 monetary policy maintains the repo rate at 6.5%, focusing on growth, liquidity, and financial inclusion initiatives.

RBI

RBI Eligibility Criteria for Small Finance Banks' Category-I License

RBI updates eligibility criteria for Small Finance Banks to apply for Authorised Dealer Category-I license, enhancing foreign exchange capabilities.

RBI

Revised KYC Guidelines from RBI: Strengthening Anti-Money Laundering Practices

RBI's KYC Guidelines enhance AML measures for banks, outlining valid identity verification documents to mitigate risks in account openings.

RBI

RBI Withdraws ₹2000 Banknotes: Essential Details and Next Steps

RBI withdraws ₹2000 banknotes from circulation, effective September 30, 2023. Learn about exchange limits, deposit options, and FAQs.

RBI

RBI Updates Liberalised Remittance Scheme Reporting Framework to CIMS

RBI announces a shift to CIMS for LRS reporting; monthly returns due by 5th, daily by next working day. Key for Category-I banks.

RBI

Understanding Microfinance Companies in India: NBFC-MFIs vs. Section 8

Discover the role, types, and regulatory requirements of microfinance companies in India, focusing on NBFC-MFI and Section 8 structures.