Category: RBI

RBI mandates reporting of Foreign Exchange Transactions to Trade Repository

RBI mandates reporting of Foreign Exchange Transactions to Trade Repository RBI Master Direction namely Risk Management and Inter-Bank Dealings requires, inter-alia, Authorised Dealers to report all over-the-counter (OTC) foreign exchange derivative contracts and foreign currency interest rate derivative contracts, undertaken by them directly or through their overseas entities …

RBI updates alert List of unauthorised forex trading platforms

RBI updates the Alert List of unauthorised forex trading platforms. Adds 13th more online portals to the list making list to grow to total 88 unauthorised forex trading platforms The Reserve Bank of India (RBI) has added the following entities/platforms/websites to the Alert List of unauthorised forex trading …

RBI allows auto replenishment of FASTag & NCMC balance

RBI allows auto-replenishment of FASTag and National Common Mobility Card (NCMC) balance below threshold set by customer. RBI has allowed to include auto-replenishment of FASTag and NCMC, as and when the balance falls below a threshold set by the customer, under the e-mandate framework. Also, since payments for …