Supreme Court Explains that Comprehensive Motor Insurance Covers Occupants of a Vehicle  ||  Supreme Court: Judgments Operate Retrospectively Unless Made Prospective  ||  Supreme Court Clarifies Principles Governing Witness Recall under Order 18 Rule 17 of CPC  ||  Gujarat High Court: Res Judicata Prevents Trustees from Reopening Trust Property Disputes  ||  Allahabad HC: Trial Courts Cannot Examine Witnesses to Generate Fresh Evidence Before Cognizance  ||  Rajasthan HC: Funds Collected From an Illegal Toll Plaza Must Be Used For Tree Plantation  ||  Delhi HC: Minor’s Signature Alone Cannot Establish Consent for Pregnancy Termination  ||  Karnataka HC Allows ECIR Challenge under Article 226, Rejects ED’s Immunity Claim  ||  Allahabad High Court Upholds Transfer of a Dissolved Society's Assets to its Successor Company  ||  P&H HC: Cheque Bounce Cases Remain Compoundable Even After Appellate Courts Uphold Conviction    

RBI Allows Financial Institutions to Conduct Business in Indian National Rupee in IFSC - (20 Jan 2020)

BANKING

Reserve Bank of India has allowed the Financial Institutions to conduct businesses in Indian National Rupees in International Financial Services Centres. The Bank has issued a notification on January 7, 2020, adding a new proviso to Foreign Exchange Management (International Financial Services Centre) Regulations, 2015 to incorporate this change.

Tags : RESERVE BANK OF INDIA   FINANCIAL INSTITUTIONS   BUSINESS IN INDIAN NATIONAL RUPEE  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved