Articles

RBI had earlier issued guidelines on the Foreign Currency Possession and Assets Held Abroad (2015 Regulations), which govern how Indian residents and authorised entities can hold foreign currency under FEMA, 1999.

RBI FEMA Guidelines on Foreign Currency Possession and Assets Held Abroad (2015 Regulations)

Official Notification for Indian Overseas Bank

Official Notification for Indian Bank

Official Notification for Mahindra and Mahindra Financial Services Limited

RBI has imposed monetary penalties on Indian Overseas Bank, Indian Bank, and Mahindra and Mahindra Financial Services for non-compliance with regulatory guidelines.

RBI Levies Penalty of Rs. 29630000 on Mahindra and Mahindra, IOB and Indian Bank

Shri T. Rabi Sankar has been re-appointed as Deputy Governor of the RBI for one year, effective from May 3, 2025.

Shri T. Rabi Sankar Re-appointed as RBI Deputy Governor, Official Circular Says

News

The Reserve Bank of India has directed all Banks to migrate to '.bank.in' domain by October 31, 2025

RBI Breaking: Banks directed to Migration to '.bank.in' domain by October 31, 2025

RBI has reviewed and updated the existing guidelines regarding the opening and operation of a deposit account for minors.

RBI Guidelines on Opening and Operating Deposit Accounts for Minors

Punjab National Bank

IDFC First Bank Limited

Kotak Mahindra Bank Limited

RBI imposes penalties totalling Rs 1.29 crore on three major banks for violating regulatory guidelines.

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RBI FEMA Guidelines on Foreign Currency Possession and Assets Held Abroad (2015 Regulations)

RBI Levies Penalty of Rs. 29630000 on Mahindra and Mahindra, IOB and Indian Bank

Shri T. Rabi Sankar Re-appointed as RBI Deputy Governor, Official Circular Says

RBI Breaking: Banks directed to Migration to '.bank.in' domain by October 31, 2025

RBI Guidelines on Opening and Operating Deposit Accounts for Minors

RBI Imposes Penalty of Rs 1.29 Crore on Three Major Indian Banks