Fema / RBI

FAQs on Overseas Direct Investments

Q. 1 Where are the guidelines pertaining to overseas direct investments available and how to get clarifications pertaining to the guidelines on overseas investment? Ans: The guidelines have been notified by the Reserve Bank of India vide Notification No. FEMA 120/RB-2004 dated July 7, 2004, as amended from time to time, which can be acces...

Read More

FAQs on External Commercial Borrowing & Trade Credits

External Commercial Borrowings (ECB) and Trade Credits (Updated as on May 29, 2019) PART I – EXTERNAL COMMERCIAL BORROWINGS A. BASIC QUERIES 1. Where can one get the details of extant External Commercial Borrowings (ECB) and Trade Credits (TC) framework? Master Direction No. 5 on ‘External Commercial Borrowings, Trade Credits and Stru...

Read More

Legal Entity Identifier (LEI) Code Procedure

Requirement and procedure for obtaining Legal Entity Identifier (LEI) code: RBI vide its notification RBI/2017-18/82 DBR No BP.BC.92/21.04.048/2017-18 has mandated to obtain LEI code for the corporate borrowers having aggregate fund-based and non-fund based exposure of Rs. 5 crore and above from any bank. Further vide circular RBI/2016-17...

Read More

RBI eases External Commercial Borrowings

India has always encouraged capital inflows as a part of the development policy. Deficient domestic capital and reduction in the current account compelled the government historically to go after foreign capital. Foreign capital is money obtained from foreign countries to make investment domestically. The major category is foreign investme...

Read More

Establishment in India of a branch office or a liaison office or a project office or any other place of business

Foreign Exchange Management (Establishment in India of a branch office or a liaison office or a project office or any other place of business) Regulations, 2016 (Amended upto January 21, 2019) The Reserve Bank of India makes the following regulations to prohibit, restrict and regulate establishment in India of a branch office or a liaison...

Read More

RBI decides to waive RTGS/NEFT Charges & will review ATM charges

Review of Charges for RBI-operated Payment Systems The Reserve Bank levies minimum charges on banks for transactions routed through its Real Time Gross Settlement System (RTGS) meant for large-value instantaneous fund transfers and the National Electronic Funds Transfer (NEFT) System for other fund transfers. Banks, in turn, levy charges ...

Read More

Increase in detection and reporting of bank frauds

RBI data on frauds reported to it by banks has been cited in sections of the media to paint a picture of rising frauds in banks in recent years. The fact is that this data is by the year of reporting and not the year of occurrence of the fraud or sanction of loan, Letter of Undertaking etc., which in many cases is of an earlier period....

Read More

Global Risks and Policy Challenges facing Emerging Market Economies

The biggest risk facing these economies is the growing evidence that global growth and trade is weakening. Unsettled trade tensions and developments around Brexit are imparting further downside risks to the outlook. There is considerable uncertainty as to whether this weakness is temporary or the beginning of a recession in advanced econo...

Read More

Draft Rupee Interest Rate Derivatives (Reserve Bank) Directions, 2019

Date : Apr 03, 2019 RBI releases Draft Rupee Interest Rate Derivatives (Reserve Bank) Directions, 2019 under section 45 W of the RBI Act, 1934 The Reserve Bank of India today released Draft Rupee Interest Rate Derivatives (Reserve Bank) Directions 2019. Comments on the draft directions are invited from banks, market participants and oth...

Read More

Governor’s Statement on Framework for Resolution of Stressed Assets

Reserve Bank of India will take necessary steps, including issuance of a revised circular, as may be necessary, for expeditious and effective resolution of stressed assets....

Read More

RBI’s circular directing bank to take recourse to IBC is ultra vires to section 35AA

Dharani Sugars And Chemicals Ltd. Vs Union of India & Ors. (Supreme Court of India) - Hon'ble Supreme Court held that RBI Circular directing bank to take recourse to Insolvency and Bankruptcy Code (IBC)  is ultra vires to Section 35AA of the Banking Regulation Act....

Read More

No advocate / chartered accountants can represent willful defaulter

Revati Cements Pvt. Ltd & Anr. Vs State Bank of India & Ors. (Madhya Pradesh HC) - Assessee-company being a ‘willful defaulter’ could not be represented through the lawyers or Chartered Accountants as the personal hearing was available only to borrower Director and Promoter of the alleged default unit....

Read More

Civil Suit not Maintainable after initiation of SARFAESI Proceedings: SC

M/s Sree Anandhakumar Mills LTD. Vs M/s Indian Overseas Bank & ORS. (Supreme Court of India) - Though the case has a chequered history and the facts are long the matter lies within a short compass. The core question is one relating to the maintainability of the suit, viz., O.S. No.106 of 2009 filed by the second respondent – Nandini seeking partition wherein the order of injunction was pas...

Read More

Govt should consider effects of IPL on Cricket & Other Sports: Bombay HC

Lalit Kumar Modi Vs Special Director (Bombay High Court) - If the IPL has resulted in all of us being acquainted and familiar with phrases such as Betting, fixing of matches, then, the RBI and the Central Government should at least now consider whether holding such tournaments serves the interest of a budding cricketer, the sport, the game itself. ...

Read More

Delhi HC upholds Constitutional Validity of 2nd proviso to Section 5(1) of PMLA

J Sekar Vs. Union Of India & Ors (Delhi High Court) - The Delhi High Court has upheld the constitutional validity of the second proviso to Section 5 (1) of the Prevention of Money-laundering Act, 2002 (PMLA). ...

Read More

Directions for Central Counterparties- Age limit increased for appointment of Directors

RBI/2018-2019/209 DPSS.CO.OD No.2565/06.08.005/2018-2019 - (12/06/2019) - In the Section A - Directions on Governance of domestic CCPs authorised to operate in India by the RBI, the upper age limit for appointment of Managing Director, Director, Nominee Director, Independent Director and Chairperson was stipulated as 65 years....

Read More

RBI forms Committee to Review ATM charges and fees

Press Release: 2018-2019/2914 - (11/06/2019) - Reserve Bank of India Date : Jun 11, 2019 It was announced in the Part ‘B’ of the Second Bi-Monthly Monetary Policy for the year 2019-20 on June 6, 2019 that the Reserve Bank of India will constitute a Committee to Review the ATM Interchange Fee Structure with a view to give a fillip to the A...

Read More

RBI waives NEFT & RTGS charges; Instruct banks to pass on benefit to Customers

RBI/2018-2019/208 DPSS (CO) RPPD No.2557/04.03.01/2018-19 - (11/06/2019) - The banks are advised to pass on the benefits to their customers for undertaking transactions using the RTGS and NEFT systems with effect from July 1, 2019....

Read More

RBI direction to banks on minimum facilities in BSBD Account

Notification No. RBI/2018-19/206 DBR.LEG.BC.No.47/09.07.005/2018-19 - (10/06/2019) - Banks are now advised to offer the following basic minimum facilities in the BSBD Account, free of charge, without any requirement of minimum balance. i. The deposit of cash at bank branch as well as ATMs/CDMs ii. Receipt/ credit of money through any electronic channel or by means of deposit /collec...

Read More

RBI releases Prudential Framework for Resolution of Stressed Assets

Press Release: 2018-2019/2886 & Circular No. RBI/2018-19/203 DBR.No.BP.BC.45/21.04.048/2018-19 - (07/06/2019) - Accordingly, the Reserve Bank has today placed on its website the prudential framework for resolution of stressed assets by banks in the wake of the judgement of the Hon’ble Supreme Court of India....

Read More

Browse All Categories

CA, CS, CMA (4,148)
Company Law (4,737)
Custom Duty (7,278)
DGFT (3,931)
Excise Duty (4,195)
Fema / RBI (3,697)
Finance (3,893)
Income Tax (29,914)
SEBI (3,134)
Service Tax (3,452)

Recent Posts in "Fema / RBI"

FAQs on Overseas Direct Investments

Q. 1 Where are the guidelines pertaining to overseas direct investments available and how to get clarifications pertaining to the guidelines on overseas investment? Ans: The guidelines have been notified by the Reserve Bank of India vide Notification No. FEMA 120/RB-2004 dated July 7, 2004, as amended from time to time, which can be acces...

Read More
Posted Under: Fema / RBI | ,

FAQs on External Commercial Borrowing & Trade Credits

External Commercial Borrowings (ECB) and Trade Credits (Updated as on May 29, 2019) PART I – EXTERNAL COMMERCIAL BORROWINGS A. BASIC QUERIES 1. Where can one get the details of extant External Commercial Borrowings (ECB) and Trade Credits (TC) framework? Master Direction No. 5 on ‘External Commercial Borrowings, Trade Credits and Stru...

Read More
Posted Under: Fema / RBI |

Directions for Central Counterparties- Age limit increased for appointment of Directors

RBI/2018-2019/209 DPSS.CO.OD No.2565/06.08.005/2018-2019 (12/06/2019)

In the Section A - Directions on Governance of domestic CCPs authorised to operate in India by the RBI, the upper age limit for appointment of Managing Director, Director, Nominee Director, Independent Director and Chairperson was stipulated as 65 years....

Read More

Legal Entity Identifier (LEI) Code Procedure

Requirement and procedure for obtaining Legal Entity Identifier (LEI) code: RBI vide its notification RBI/2017-18/82 DBR No BP.BC.92/21.04.048/2017-18 has mandated to obtain LEI code for the corporate borrowers having aggregate fund-based and non-fund based exposure of Rs. 5 crore and above from any bank. Further vide circular RBI/2016-17...

Read More
Posted Under: Fema / RBI |

RBI forms Committee to Review ATM charges and fees

Press Release: 2018-2019/2914 (11/06/2019)

Reserve Bank of India Date : Jun 11, 2019 It was announced in the Part ‘B’ of the Second Bi-Monthly Monetary Policy for the year 2019-20 on June 6, 2019 that the Reserve Bank of India will constitute a Committee to Review the ATM Interchange Fee Structure with a view to give a fillip to the ATM deployment […]...

Read More

RBI waives NEFT & RTGS charges; Instruct banks to pass on benefit to Customers

RBI/2018-2019/208 DPSS (CO) RPPD No.2557/04.03.01/2018-19 (11/06/2019)

The banks are advised to pass on the benefits to their customers for undertaking transactions using the RTGS and NEFT systems with effect from July 1, 2019....

Read More

RBI direction to banks on minimum facilities in BSBD Account

Notification No. RBI/2018-19/206 DBR.LEG.BC.No.47/09.07.005/2018-19 (10/06/2019)

Banks are now advised to offer the following basic minimum facilities in the BSBD Account, free of charge, without any requirement of minimum balance. i. The deposit of cash at bank branch as well as ATMs/CDMs ii. Receipt/ credit of money through any electronic channel or by means of deposit /collection of cheques drawn by Central/State G...

Read More

RBI releases Prudential Framework for Resolution of Stressed Assets

Press Release: 2018-2019/2886 & Circular No. RBI/2018-19/203 DBR.No.BP.BC.45/21.04.048/2018-19 (07/06/2019)

Accordingly, the Reserve Bank has today placed on its website the prudential framework for resolution of stressed assets by banks in the wake of the judgement of the Hon’ble Supreme Court of India....

Read More

RBI reduces policy repo rate by 25 basis points wef June 06, 2019

RBI/2018-19/200 - REF.No.MPD.BC.387/07.01.279/2018-19, RBI/2018-19/199- DBR.No.Ret.BC.44/12.01.001/2018-19, RBI/2018-2019/198- FMOD.MAOG. No.133/01.18.001/2018-19 and RBI/2018-2019/197-FMOD.MAOG.No.132/01.01.001/2018-19 (06/06/2019)

RBI in its Second Bi-Monthly Monetary Policy, 2019-20 has decided to reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points to 5.75 per cent from 6.0 per cent with immediate effect. Consequently, the reverse repo rate under the LAF stands adjusted to 5.50 per cent, and the marginal standing […]...

Read More

RBI Second Bi-Monthly Monetary Policy, 2019-20 with Statement

Press Release : 2018-2019/2868 and 2018-2019/2867 (06/06/2019)

During June 3rd and 4th, 2019 the Monetary Policy Committee (MPC) assessed recent macroeconomic developments and the outlook. In its meeting today, it voted unanimously to reduce the policy repo rate by 25 basis points, and to change the stance of monetary policy from neutral to accommodative. The unanimous vote reflects the resolve of th...

Read More

Latest RBI / FEMA News

Check out all the latest news on RBI together with all the important RBI notifications, RBI circulars, RBI rates including top stories on FEMA Act and FEMA Regulations only at Taxguru.com The RBI (Reserve Bank of India) is India's Apex bank which governs the banking regulations in the country and controls all the monetary policies of the country. It began its operations 1st of April 1935 at the time of British Rule as per the provisions laid down in the Reserve Bank of India Act, 1934. After India's independence on 15th August 1947, the Reserve Bank of India was nationalized on 1st January 1949. Reserve Bank of India is an independent monetary authority that regulates banks and offers important financial services such as controlling inflation, maintaining foreign exchange reserves, and providing monetary policy report. It plays a significant role in developing strategies of the Indian Government. The FEMA Act (Foreign Exchange Management Act) is an Act constituted by the Indian Parliament for consolidating and amending the law related to foreign exchange for facilitating the external trade and payments and also for encouraging orderly maintenance and development of foreign exchange market in the country. This act was passed in the year 1999 during the winter session which replaced the previous Foreign Exchange Regulation Act (FERA). The FEMA Regulations makes offenses with respect to foreign exchange civil offenses.This Act extends and is applicable for the entire nation. FEMA Act allowed a new regime for foreign exchange management that is consistent with the World Trade Organization’s emerging framework. At Taxguru, we provide you with all the RBI latest news, RBI circulars, RBI notifications and all the updates with respect to FEMA Act and FEMA regulations. We keep you posted with all the latest updates on RBI rates and RBI rate charts. At Taxguru, our team ensures we publish all the latest RBI news. Bookmark us to get all the latest news on RBI and FEMA.