RBI Circular Notification Press Release and Instructions issued by Reserve bank of India. News and Article on provisions, Rate changes, Policy changes and FAQ
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AD Category-I banks shall have the required systems in place to capture the LEI information and ensure that any LEI captured is validated against the global LEI database available on the website of the Global Legal Entity Identifier Foundation (GLEIF).
As announced in the Governor’s Statement dated December 08, 2021, it is proposed to return to the normal dispensation. Accordingly, banks will be able to dip into the Statutory Liquidity Ratio (SLR) up to two percent of NDTL instead of three percent for overnight borrowing under the MSF with effect from January 1, 2022.
Currently, the benchmark rate for Foreign Currency (FCY) External Commercial Borrowings (ECB)/Trade Credit (TC) is specified as 6-months LIBOR rate or any other 6-month interbank interest rate applicable to the currency of borrowing. In view of the imminent discontinuance of LIBOR, any widely accepted interbank rate or alternative reference rate (ARR) applicable to the currency of borrowing may be used as a benchmark, post discontinuation.
The reverse repo rate under the LAF remains unchanged at 3.35 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 4.25 per cent.
Policy repo rate remains unchanged at 4 per cent, and the stance remains accommodative as long as necessary to revive and sustain growth on a durable basis and continue to mitigate the impact of COVID-19 on the economy
The Directorate of Revenue Intelligence (DRI) has seized Foreign Currency of INR Value Rs. 1.42 Crores at CSI Airport, Mumbai. The DRI has arrested a pax attempting to smuggle foreign currency out of India. Based on pin pointed Intelligence, officers of DRI Mumbai Zonal Unit intercepted a pax Sh. Karan Singh who had arrived at […]
In order to provide greater operational flexibility, it has been decided that prior RBI approval for above capital infusion/ transfers (including retention/ repatriation of profits), shall not be required by banks which meet the regulatory capital requirements (including capital buffers1). Instead, the banks shall seek approval of their boards for the same.
In view of the imminent discontinuance of LIBOR as a benchmark rate, it has been decided, in consultation with stakeholders, to make the following changes to the all-in-cost benchmark and ceiling for FCY ECBs/ TCs
e Reserve Bank had, on November 30, 2021, constituted a three-member Advisory Committee to assist Shri Nageswara Rao Y, Administrator of Reliance Capital Ltd (RCL) in discharge of his duties.
साख सहकारी समितियों का रजिस्ट्रेशन केन्द्र और राज्य स्तर पर गठित सहकारिता कानून के अन्तर्गत किया जाता है और इनके रजिस्ट्रेशन सर्टिफिकेट पर बकायदा सरकारी सील और विभागीय हस्ताक्षर और अनुमोदन होते हैं. लेकिन बहुत कम लोग ही जानते हैं या यह कहना भी उचित होगा कि लगभग न के बराबर लोगों को पता है […]
