RBI has outlined how banks must implement the government’s interest subvention scheme for export credit, stressing strict adherence to eligibility and procedural ...

"It has come to our attention through media reports that certain banks/regulated entities have cautioned their customers against dealing in virtual currencies by making a reference to the RBI circular ...

This roundup captures key tax, GST, customs, and financial sector updates released during the week. The key takeaway is improved clarity on exemptions, compliance, and regulatory ...

RBI Deputy Governor Shirish Chandra Murmu has said that the central bank has reorganised or done away with as many as 9,445 directions over a period of 5-6 months. The RBI has combined thousands of ...

It brings service exporters within the formal reporting system, adding transparency. It also eases compliance for smaller exporters, and strengthens monitoring through digital systems.

Mumbai: A Reserve Bank of India (RBI) directive from 2022 could potentially reduce the number of stressed asset turnaround companies in India, experts said, as these institutions try to meet the ...

In a notification addressed to non-bank PPIs, the RBI reportedly said that prepaid payment instruments cannot be loaded with credit lines As per analysts, the RBI is essentially trying to remove any ...

Government approves wage and pension revisions for RBI, PSGICs, and Nabard, enhancing benefits for thousands of employees and pensioners.