Govt debunks claims of RBI prohibiting use of black ink on cheques | Check rules on ink colour
The government clarified that the RBI has not prohibited black ink on cheques, countering social media claims. The RBI has not specified ink colors for cheques, confirming that black ink is acceptable ...
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Establishment of Project Office in India: Process & Requirements
However, if the foreign entity intends to set up a business for a specific purpose or for a defined period to undertake operations, it may opt to establish a project office. With the rise of startups ...
RBI announces exclusive domains 'bank.in' and 'fin.in' to enhance cyber security in Indian banking
The RBI has announced the launch of exclusive internet domains, 'bank.in' for Indian banks and 'fin.in' for non-bank ...
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RBI Introduces Updated Framework for Payment Penalties
Reserve Bank of India (RBI) has updated its framework for imposing monetary penalties and compounding offences under the ...
India's Central Bank Cuts Repo Rate for First Time in Nearly 5 Years
(Reuters) -The Reserve Bank of India (RBI) reduced its key repo rate on Friday for the first time since May 2020, aiming to ...
Bombay HC stays Canara Bank order declaring Anil Ambani’s loan account as fraudulent
The Bombay High Court asked the RBI what action it proposed to take against banks that issued orders declaring loan accounts ...