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RBI Rationalizes Reporting of Foreign Investment in SMF on FIRMS Portal
The Reserve Bank of India (RBI) has rationalized the reporting of foreign investment in SMF on FIRMS portal. As part of this, the RBI has stated that...
![Liaison Office doesnt constitute PE in India, No Income Tax Addition: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Liaison-Office-doesnt-constitute-PE-in-India-No-Income-Tax-Addition-ITAT-TAXSCAN.jpg "Liaison Office doesnt constitute PE in India, No Income Tax Addition: ITAT [Read Order]")
![RBI issues Guidelines for extended Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/03/RBI-Interest-Equalisation-Scheme-Shipment-Rupee-Export-Credit-Taxscan.jpg "RBI issues Guidelines for extended Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit [Read Circular]")
RBI Revises Guidelines relating to Participation of an Indian Resident and FPI in Exchange Traded Currency Derivatives Market [Read Circular]
The Reserve Bank of India (RBI) has revised guidelines relating to the participation of a person resident in India and Foreign Portfolio Investor (FPI) in the Exchange Traded Currency Derivatives...
RBI imposes Penalty on Bedkihal Urban Cooperative Bank for violation of Guidelines on Exposure Norms
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs. 1,00,000/- (Rupees one lakh only) on Bedkihal Urban Cooperative Bank Ltd., Bedkihal, Karnataka in exercise of the powers vested...
![RBI grants Relief to MSME Borrowers registered under GST [Read Notification]](https://www.taxscan.in/wp-content/uploads/2018/02/MSME.jpg "RBI grants Relief to MSME Borrowers registered under GST [Read Notification]")
Co-operative Societies cannot use the word “Bank” in their Name, cannot Accept Deposits from Non-Members: RBI
The Reserve bank of India, on Wednesday said that the Co-operative Societies cannot use the word Bank in their names since it is a violation of Section 7 of the Banking Regulation Act, 1949 (As...