Category: RBI

RBI Cautions about Fake Websites in its Name

RBI Cautions about Fake Websites in its Name.  It contains a provision for “Bank verification with online account holders” which is with fraudulent intent  Reserve Bank of India has cautioned general public that a fake website of the Bank has been created with the URL www.indiareserveban.org by some unknown person(s). …

RBI issues Master Direction on Foreign investment in India

RBI issues Master Direction on Foreign investment in India Foreign Investment in India is regulated in terms of clause (b) sub-section 3 of section 6 and section 47 of the Foreign Exchange Management Act, 1999 (FEMA) read with Foreign Exchange Management (Transfer or Issue of a Security by …