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RBI Regulations for Outward Remittances The RBI regulates outward remittances under two main schemes: the Liberalised Remittance Scheme (LRS) and The Foreign Exchange Management Act, 1999.
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Stop masking complaints as requests: RBI governor to banks - MSN
MUMBAI: Reserve Bank of India (RBI) governor Sanjay Malhotra has pulled up banks and financial institutions for masking customer complaints by terming them as ‘requests, queries and disputes ...
On Tuesday, the Reserve Bank of India (RBI) announced new regulations prohibiting banks and non-banking finance companies (NBFCs) from investing in any Alternative Investment Funds (AIFs) that ...
The Reserve Bank is planning to create general awareness among citizens about the regulations and initiatives of the central bank by launch a full-fledged multi-media and multi-lingual campaign.
The Reserve Bank of India (RBI) today tightened the norms for sending money abroad under the Liberalised Remittance Scheme (LRS), making PAN mandatory for anyone using this scheme. Under the LRS, ...
The RBI has placed on its website a ‘draft framework for authorisation of a pan-India New Umbrella Entity (NUE) for Retail Payment Systems’ for public comments. Under the framework, promoter ...
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