PhonePe launches support for cross-border UPI payments

Feb 10, 2023

According to PhonePe, users would now be able to make payments in foreign currencies directly from their bank accounts, similar to international debit cards.

Central Bank of Russia limits foreign cash withdrawals until Sept 9

Mar 09, 2022

Moscow [Russia], March 9 : The Central Bank of Russia (CBR) on Wednesday said it is imposing a USD 10,000 limit on foreign cash...

India, Bangladesh agree to settle bilateral trade transactions in rupee, taka: Report

Apr 20, 2023

In order to facilitate cross-country transactions, Sonali Bank and Eastern Bank will open accounts in the State Bank of India and ICICI Bank. The...

ED seizes Rs 106.93-cr of Chinese controlled firm in FEMA violation

Aug 26, 2021

New Delhi [India], August 26 : The Enforcement Directorate (ED) has seized an amount of Rs 106.93 crore lying in bank accounts and virtual...

ED seizes Rs 131 crore of Chinese-controlled NBFC under FEMA

Sep 30, 2021

New Delhi [India], September 30 : The Enforcement Directorate has seized an additional amount of Rs 131.11 crore lying in bank accounts and virtual...

SEBI orders defreezing of bank accounts of former Yes Bank CEO Rana Kapoor

Aug 25, 2021

New Delhi [India], August 25 : Securities and Exchange Board of India (SEBI) on Wednesday directed the defreezing of attached bank accounts/lockers/demat accounts and...