Chartered Accountant
Chartered Accountant
The Reserve Bank of India (RBI) has taken a significant step towards streamlining regulatory compliance by introducing the Regulations at a Glance handbook. This initiative is aimed at enhancing accessibility and understanding of key regulatory provisions governing banks, Non-Banking Financial Companies (NBFCs), and other regulated entities. Objective of the Handbook Over the years, the Indian …
In October 2021, the Reserve Bank of India (RBI) introduced a revised regulatory framework for Non-Banking Financial Companies (NBFCs), referred to as ‘scale-based regulations.’ These regulations categorize NBFCs differently and specify the extent of regulatory requirements applicable to each category. To enhance compliance and simplify regulatory complexities, the RBI has introduced a comprehensive set of …
NBFC Scale based regulations – RBI Master direction Read More »
Earlier on 8th March, 2022, RBI has extended interest equalization scheme (IEC) on pre shipment and post shipment credit to the exporter from up to 31.03.2024 or till further review, whichever is earlier. Currently, MSME manufacturer exporters are eligible for 3% interest benefit and other exporters are eligible for 2% interest benefit on their export …
Interest equalization Scheme (IES) to exporters taking PLI Benefits Read More »