Foreign Currency Accounts by Resident Individuals: Fifth Amendment
A new sub-regulation (CA) under Regulation 5 now permits Indian exporters to open, hold, and maintain Foreign Currency Accounts with banks outside India. This allows for greater control over their foreign exchange earnings and simplifies certain transactions.
Foreign Exchange Management (Deposit) (Fifth Amendment) Regulations, 2025
Authorised dealers in India and their branches abroad can now extend services, broadening their operational reach. Transfer of funds between repatriable Rupee accounts is now permitted for all legitimate transactions.
Common and Uncommon Questions Faced by NBFCs in SDD Maintenance
Structured Digital Databases (SDDs) have become integral to the operations of financial institutions, including Non-Banking Financial Companies (NBFCs). These institutions face unique challenges and requirements when it comes to maintaining their SDDs, driven by the distinct nature of their activities and regulatory environments.
