NCLT clears Suraksha Realty’s takeover of Jaypee Infratech The National Company Law Tribunal (NCLT) on March 7, 2023, approved Suraksha Group’s bid to buy Jaypee Infratech. The approval by the tribunal comes as … READ FULL STORY
The Reserve Bank of India provides each bank branch in India with a code known as the IFSC. This one-of-a-kind number is a mix of an alphanumeric code and a number, and it is … READ FULL STORY
Electronic funds transfer has achieved sufficient appeal with a booming economy and subsequent demonetisation. The ease and speed with which such a transfer may be executed contribute to its widespread acceptance. The IFSC Code … READ FULL STORY
The Reserve Bank of India (RBI) on Monday, October 31, imposed a monetary penalty of Rs 5 lakh on LIC Housing Finance Ltd for non-compliance with certain provisions of National Housing Bank (NHB). The non-banking … READ FULL STORY
The Reserve Bank of India (RBI) is responsible for compiling a calendar of bank holidays at the beginning of each year. According to this calendar, banks in specific locations are required to be closed. … READ FULL STORY
The RBI on May 4, 2022, increased the cash reserve ratio by 50 basis points to 4.5%, a move that is likely to put pressure on interest rates. However, to understand the full repercussion … READ FULL STORY
What is PAN KYC? KYC, the procedure of confirming the consumers’ identities, stands for ‘Know Your Client or ‘Know your Customer’. In 2002, the Reserve Bank of India (RBI) issued KYC regulations that applied … READ FULL STORY
The DICGC is a subsidiary of the RBI (Reserve Bank of India). It helps provide deposit insurance when banks fail to pay their depositors the money they had deposited. The maximum insurance guaranteed by … READ FULL STORY
Payment banks are the Reserve Bank of India’s (RBI) most recent project, with the principal goal of promoting digital, paperless, and cashless financial services in our country. It is a strategy in which non-banking … READ FULL STORY
IFS code is among the important bank details that one may require, when carrying out financial transactions online. IFSC code refers to the Indian Financial System Code. The Reserve Bank of India (RBI) allocates … READ FULL STORY
To offers relief to borrowers in India in the backdrop of the Coronavirus pandemic, the Reserve Bank of India (RBI) offered a six-month moratorium on term loans and credit card payments in India in … READ FULL STORY
The festive season in 2021 has provided a boost to the realty sector, with reports of a significant surge in demand during the period. One of reasons, has been the reduction in interest rates … READ FULL STORY
A non-resident Indian (NRI), who is interested in buying a property in India, can do so. However, his property investment must be made in line with the provisions of the Foreign Exchange Management Act … READ FULL STORY
