RBI:
RBI had set up a “Technical Committee on Mobile Banking” (Chairman Shri B. Sambamurthy) to study the challenges faced by the banks in providing mobile banking to customers in general (customer enrolment and technical issues) and also to examine the options/alternatives for expanding the reach of mobile banking in the country. In order to take these recommendations forward, the RBI had organized a conference to discuss the issues / challenges faced by banks and lay down a concrete roadmap for enhancing mobile banking services in India.
RBI:
Reserve Bank has since amended the Principal Regulations through the Foreign Exchange Management (Remittance of Assets) (Amendment) Regulations, 2014 with respect to submitting certificates on tax payments and CBDT has also revised the instructions regarding furnishing of tax declarations and submission of Form 15CA and 15 CB. In this connection, Authorised Dealer are instructed to follow the instructions and all shall be complied with while making remittances.
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