RBI relaxes rules on External Commercial Borrowings (ECB)
The Reserve Bank of India relaxed rules for rescheduling/restructuring of ECBs by permitting an increase in the total cost of borrowing offshore. In suppression of earlier provisions, the banking regulator has delegated powers to the designated AD category-I banks to allow changes/modification in the draw-down and repayment schedules notwithstanding the average maturity period or changes…
Read articleRelaxation of External Commercial Borrowings (ECB) in Indian Rupees
With a view to providing greater flexibility for structuring of External Commercial Borrowings (ECB) arrangements, it has been decided by RBI that all recognised non-resident ECB lenders may extend loans in Indian Rupees by mobilising Indian Rupees through swaps undertaken with an Authorised Dealer Category I bank in India. At present all eligible borrowers are…
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More Than 20 Types of Online Frauds Explained—With Safety Tips You Can Use Today
Online fraudsters are using innovative methods to wipe out your bank balance. Be aware of such frauds to protect yourself from fraudsters. In the current reporting RBI has reported a dramatic spike in the value of bank frauds for the financial year 2024-25. A total of 23953 fraud cases amounting to Rs.36014 crore were recorded…
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RBI releases 45 early warning signals about wrongdoings/frauds in loan accounts
The Reserve Bank of India made available an illustrative list of Early Warning Signals (EWS) which should alert bank officials about wrongdoings and frauds in loan accounts. In the background of increasing incidences of frauds in general and in loan portfolios in particular, the Reserve Bank of India brought into force the systemized framework for…
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Organization of the Finance Function
Introduction The organization of the finance function involves structuring financial roles, responsibilities, processes, and systems to ensure the efficient management of financial resources. This function is critical in decision-making and strategy development, providing essential financial information and analysis to support business decisions while ensuring compliance with financial regulations and standards. Key Roles and Responsibilities The…
Bank Holidays : Ladakh UT
The Administration of Union Territory of Ladakh, declared Public holidays to be observed throughout the UT of Ladakh during the calendar year 2025 under section 25 of negotiable instruments act 1881 Sr.No Date Day Occasion/Festival Date 1 26.01.2025 Sunday REPUBLIC DAY 2 26.02.2025 Wednesday MELA DOSMOCHEY (Leh District & Zanskar Sub-Division only) 3 14.03.2025 Thursday…
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