Category: RBI

RBI Introduces Rs 50 banknote in Mahatma Gandhi (New) Series

RBI Introduces Rs 50 banknote in Mahatma Gandhi (New) Series The Reserve Bank of India will shortly issue Rs 50 denomination banknotes in the Mahatma Gandhi (New) Series, bearing signature of Dr. Urjit R. Patel, Governor, Reserve Bank of India. The new denomination has motif of Hampi with Chariot on …

RBI directs NBFCs to appoint nominated counsels in High Court

RBI directs NBFCs to appoint nominated counsels in High Court to represent them when a petition is filed seeking interim orders/ directions against any NBFC Reserve Bank of India Appointment of nominated counsel in the Hon’ble High Court of Delhi at New Delhi- Compliance of the Order dated …

Minimum rest period of SCA in private/foreign Bank made 6 years

Minimum rest period of SCA in private-foreign bank made 6 years. An audit firm will not be eligible for appointment for 6 years after completion of its term Reserve Bank of India Appointment of Statutory Central Auditors (SCAs) – modification of rest period RBI/2017-18/29 DBS.ARS.BC.04/08.91.001/2017-18 July 27, 2017 …