To improve financial stability and reduce systemic risks, the Reserve Bank of India (RBI) has issued new regulatory rules for non-banking financial firms (NBFCs). The categorization of NBFCs, the scale-based regulatory approach, governance enhancements, and the sector's operational ramifications are all covered in detail in this blog.

The RBI's new standards require non-compliant bank accounts to be closed as of January 1, 2025. To prevent interruptions, account holders must maintain account activity, update their KYC information, and reply to compliance notices. Financial interruptions, limited banking services, and permanent account closure are possible outcomes of non-compliance. These steps are intended to improve financial system security, lower fraud, and increase transparency.

For refunds above Rs. 50 crore, non-individual entities such as businesses, partnerships, and trusts are required by the Reserve Bank of India (RBI) to get a Legal Entity Identifier (LEI). The objectives of this action are to improve worldwide compliance, risk management, and financial transparency. Financial firms and regulators may track significant financial transactions with the use of the LEI, a 20-character alphanumeric number. The RBI's announcement, how to get an LEI, and how it affects non-individual companies are all explained in this blog.

This article explains the recent exemption of the Reserve Bank of India from higher TDS and TCS rates under sections 206CCA and 206AB of the Income Tax Act, 1961. It provides an understanding of the sections and their implications for the RBI and the Indian economy.

Small and Medium Enterprises (SMEs) are the backbone of the Indian economy. Yet, access to credit often remains a challenge for them. This blog post dives into the impact of the Reserve Bank of India's (RBI) monetary policy decisions, particularly repo rate changes, on loan availability and interest rates for SMEs. We explore the complex interplay between economic growth, inflation control, and the credit needs of this vital sector.

The Reserve Bank of India has discovered that a certain Card Network had set up a system allowing businesses to make card payments through intermediaries to entities that don't accept card payments.