Partnership and Limited Liability Partnership: Banking Requirements for opening account
1. Understanding Partnership Firms A partnership is one of the oldest and most common forms of business organization, where two or more individuals come together to carry on a business and share its profits and losses. Each partner contributes skills, capital, or resources and, in return, becomes jointly and severally liable for the firm’s debts…
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Opening Current Accounts for Clubs, Societies, and Associations: Key Documents and Regulatory Requirements
As banking regulations continue to emphasize transparency, traceability, and compliance, account opening procedures for non-individual customers such as clubs, societies, and associations have become more structured and documentation-driven. Banks are expected to not only verify the legal standing of such entities but also establish a clear understanding of the individuals authorized to manage their financial…
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How RBI’s October 2025 Policy measures Affect Depositors to Exporters
The Reserve Bank of India (RBI) recently released its ‘Statement on Developmental and Regulatory Policies’, outlining reforms across banking regulation, foreign exchange, consumer protection, and financial markets. These measures reflect RBI’s twin priorities: strengthening financial stability and making regulations more business- and consumer-friendly. What’s New in Banking Regulation? * Expected Credit Loss (ECL): RBI plans…
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Basel Norms and Global Financial Stability: Standards, Supervision, and Systemic Resilience
Overview The Basel Norms form the core of international banking regulation designed to strengthen bank capital, liquidity, leverage constraints, and market discipline to safeguard global financial stability. This article outlines Basel I–III, prudential norms, the effects of liberalization and globalization on stability, linkages to international standards and codes, and the supervisor’s role under the Basel…
Read article Financial Stability: Balancing Development and Resilience in Modern Banking
Executive summary Financial stability requires a careful balance between expanding financial services and safeguarding the system against shocks, with policy frameworks aligning development, regulation, liquidity, and risk management to prevent systemic crises. This article outlines the development–stability trade-offs, key risks and early-warning signals, liquidity management foundations, supervisory approaches, and bank risk management practices in an…
Indian Financial System: Constituents, Regulation, and the Evolution of Bank Supervision
Overview The Indian financial system comprises interconnected institutions, markets, instruments, and regulatory frameworks that mobilize savings, allocate capital, manage risks, and support economic development through efficient intermediation and market-based finance. Its stability and inclusiveness rely on strong, specialized regulators—RBI, SEBI, IRDAI, and PFRDA—coordinating prudential oversight, market conduct, and investor protection to uphold transparency and resilience…
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