Reserve Bank of India Archives - TaxIndiaUpdates In

Reserve Bank of India Introduced Research Internship Scheme

May 7, 2016 TaxIndiaUpdates In0 comments2454 views

Reserve Bank of India Introduced Research Internship Scheme The Reserve Bank of India has introduced a Research Internship Scheme to provide an opportunity to young individuals to expose themselves to cutting edge research in central banking. The scheme is aimed at individuals who have recently finished their … Continue Reading →

Personal Finance

NBFC cannot undertake Point of Presence services for NPS

February 18, 2016February 18, 2016 TaxIndiaUpdates In0 comments2815 views

February 18, 2016 The Reserve Bank of India has clarified that the NBFC cannot undertake Point of Presence services for NPS (National Pension System). RBI/2015-16/324 DNBR (PD) CC.No. 073/03.10.001/2015-16 All Non-Banking Financial Companies Madam/ Sir, Undertaking of Point of Presence (PoP) Services under Pension Fund Regulatory and … Continue Reading →

Personal Finance

RBI has Revised the Threshold for Reporting of Frauds from Rs. 25 lakhs to Rs.1 Crore

February 18, 2016February 18, 2016 TaxIndiaUpdates In0 comments2626 views

February 18, 2016 RBI/2015-16/327 DNBR (PD) CC.No.075/03.10.001/2015-16 All Deposit taking NBFCs (including RNBCs) and NBFCs- ND-SI Madam/ Sir, Frauds – Future approach towards monitoring of frauds in NBFCs Please refer to circulars DNBS.PD.CC.No.127 / 03.10.42 / 2008-09 dated August 14, 2008, DNBS. PD. CC. No. 256 … Continue Reading →