ARTICLE · 01 MAY 2025

AKP Banking & Finance Digest April 28, 2025

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We are delighted to share this week's AKP Banking & Finance Weekly Digest. Please feel free to write to us with your feedback at [email protected]. We shall now be hosting our weekly updates at Spotify!

IndiaFinance and Banking

We are delighted to share this week's AKP Banking & Finance Weekly Digest. Please feel free to write to us with your feedback at [email protected]. We shall now be hosting our weekly updates at Spotify!

1. Regulatory Updates

1.1. India

Reserve Bank of India (RBI)

1.1.1. RBI Updates Compounding Framework under FEMA, 1999

The Reserve Bank of India (RBI) has issued revised Master Directions for Compounding of Contraventions under FEMA, aligning with the Foreign Exchange (Compounding Proceedings) Rules, 2024. This update reaffirms RBI's power under Section 13 of FEMA (excluding Section 3(a)). [FEMA compounding rules India 2025].

1.1.2. Mandatory Migration to '.bank.in' Domain for Digital Banking Security

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