RBI Revises Definition of Bulk Deposits
Amendment to Master Direction – Reserve Bank of India (Interest Rate on Deposits) Directions, 2016’ [RBI/2024-25/40 DoR.SPE.REC. No. 24/13.03.00/2024-2025].
July 9, 2024
Amendment to Master Direction – Reserve Bank of India (Interest Rate on Deposits) Directions, 2016’ [RBI/2024-25/40 DoR.SPE.REC. No. 24/13.03.00/2024-2025].
SEBI has recently amended the SEBI (Foreign Portfolio Investors) Regulations, 2019, through the SEBI (Foreign Portfolio Investors) (Amendment) Regulations, 2024.
MIB has revised its advisory on self-declaration certificates for advertisements, restricting its applicability solely to products and services related to food and health sectors.
The RBI has revoked the license of Purvanchal Co-operative Bank, located in Ghazipur, Uttar Pradesh, due to inadequate capital and poor earning prospects.
IRB Infrastructure Developers witnessed a significant block deal on June 11, resulting in a considerable dip in its stock price.
SEBI has imposed penalties totaling Rs 35 lakh on OP Jindal Group’s Hexa Tradex Ltd. and its affiliates for multiple breaches of delisting norms and other disclosure obligations.
JBMD Enterprises v. Sr. Dy. CGDA AN and Others [W.P.(C) 8410/2024 and CM APPL. 34686/2024]
People United for Better Living in Calcutta v. State of West Bengal and Others [WPA (P)/569/2023]
The RBI has announced an expansion of the facilities for international trade settlements in Indian Rupees (INR).
The RBI has revised the Foreign Exchange Management (Overseas Investment) Directions, 2022, with a notification dated June 7, 2024.
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