Which are the records that need to be maintained under PMLA?
Prevention of Money Laundering Act, 2002(PMLA) is an Act enacted by the Government of India to prevent money-laundering and to provide for confiscation of property derived from money-laundering. PMLA and the Rules notified there under came into force with effect from July 1, 2005. The Rules 3, 4 and 5 of PMLA 2005 amended by…
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Regulators of NBFCs in India: A complete guide
The Reserve Bank of India (RBI) is the primary regulator for Non-Banking Financial Companies (NBFCs) in India, overseeing their registration, operations, and compliance under the RBI Act, 1934 to ensure financial stability and depositor protection. Other entities like the National Housing Bank (NHB), Insurance Regulatory and Development Authority of India (IRDAI), Securities and Exchange Board…
Read articleSubmission of Returns under the Banking Regulation Act, 1949
The Banking Regulation Act, 1949 prescribes various statutory returns that banking companies must submit to the Reserve Bank of India (RBI), and in some cases to NABARD (for cooperative banks). These returns ensure that the regulator has accurate, timely, and consistent data to monitor the financial health of banks and to safeguard the stability of…
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Regulations on Loans and Advances in India
Loans and advances form the backbone of the Indian financial system. To ensure responsible lending and safeguard both borrowers and institutions, they are governed by a robust regulatory framework. At the center of this framework is the Reserve Bank of India (RBI), which issues detailed guidelines for banks, Non-Banking Financial Companies (NBFCs), and digital lenders.…
Read article Regulation to Strengthen Financial Stability in India: RBI, SEBI, and Policy Reforms
India’s financial system stands on the foundation of robust regulation and forward-looking reforms. With the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI), and the government working in tandem, the country continues to reinforce stability, transparency, and resilience in the face of global and domestic challenges. RBI’s Role in Safeguarding…
Regulation of Money Market Instruments in India: RBI and SEBI’s Role in Ensuring Stability
The money market is a vital segment of India’s financial system, providing short-term funding and liquidity solutions for corporates, banks, and the government. To ensure stability, transparency, and investor confidence, money market instruments are closely regulated—primarily by the Reserve Bank of India (RBI), with the Securities and Exchange Board of India (SEBI) playing a complementary…
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