Non-Banking Financial Companies (NBFCs) have emerged as vital players in India’s financial landscape. They operate alongside banks to provide credit and financial services to various […]
RBI
Understanding RBI’s New Framework for Prepaid Payment Instruments
Prepaid Payment Instruments (PPIs) have become a vital component in the evolution of digital payments. These instruments allow users to store money digitally and make […]
Decoding RBI’s Guidelines on Compromise Settlements and Loan Write-offs
On June 8, 2023, the Reserve Bank of India (RBI) introduced a significant regulatory framework governing compromise settlements and technical write-offs. This move addressed a […]
RBI’s Framework for FinTech Self-Regulatory Organizations: Eligibility and Key Provisions
The FinTech sector in India has evolved rapidly, transforming the way financial services are delivered, consumed, and innovated. With digital solutions becoming the cornerstone of […]
Step-by-Step Framework for Setting Up a Financial Services Entity
The financial services sector in India is a well-organized system that includes banks, non-banking financial companies (NBFCs), insurance firms, mutual funds, pension funds, and other […]
Functions and Mandate of the RBI: A Comprehensive Overview
The Reserve Bank of India is the apex financial institution of the Indian financial system, entrusted with the task of control, supervision, promotion, development, and […]
Understanding NBFCs in India: Categories, Compliance, and RBI Oversight
Non-Banking Financial Companies (NBFCs) play a critical role in the Indian financial system. They have significantly contributed to the growth of credit in vital sectors […]
RBI Requires 3 Years of Trade Records for Diamond Dollar Account Eligibility
The Diamond Dollar Account, commonly known as DDA, is a special foreign currency account facility granted by the Reserve Bank of India to Indian firms […]