Fema / RBI - Page 20

ECB Policy Liberalised for public sector Oil Marketing Companies

RBI/2018-2019/54 A.P. (DIR Series) Circular No.10 (03/10/2018)

It has been decided, in consultation with the Government of India, to liberalise ECB Policy and permit public sector Oil Marketing Companies (OMCs) to raise ECB for working capital purposes with minimum average maturity period of 3/5 years from all recognized lenders under the automatic route....

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RBI releases Draft Directions on Prohibition of Market Abuse

Press Release : 2018-2019/737 (28/09/2018)

Date : Sep 28, 2018 The Reserve Bank of India today released draft directions on Prohibition of Market Abuse. Comments on the draft directions are invited from market participants and other interested parties by October 31, 2018 Feedback on the draft directions may be forwarded to: The Chief General Manager, Reserve Bank of India Financ...

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Voluntary transition of Urban Co-operative Bank into a Small Finance Bank

RBI/2018-19/52 DCBR.CO.LS.PCB. Cir.No.5/07.01.000/2018-19 (27/09/2018)

The UCBs which are eligible as per the Scheme and wishing transition into Small Finance Banks voluntarily may forward their applications to The Chief General Manager, Reserve Bank of India, Department of Co-operative Bank Regulation, C-7 Building, 1st Floor, Bandra Kurla Complex, Bandra East, Mumbai-400051....

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RBI broadened trading scope for banks, Government withdraws withholding tax- Blooms for Masala Bonds!

Masala Bond are reckoned as most evolving and effectual debt instrument for the Indian Corporates with more option to blend their debt portfolio to optimize the borrowings and minimize the cost. The objective of Masala Bonds is to fund big projects and pacing the internal growth of the Corporates. The term Masala was used by the Internati...

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Maintenance of Accounts in India by a Person Resident outside India

FEMA regulates, prohibits and restricts acceptance of deposits by Person Resident in India from a Person Resident outside India (PROI) and prescribes maintenance of accounts in India by PROI. This article provides an insight to the same....

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Co-origination of loans by Banks and NBFCs for lending to priority sector

RBI/2018-19/49 FIDD.CO.Plan.BC.08/04.09.01/2018-19 (21/09/2018)

The bank can claim priority sector status in respect of its share of credit while engaging in the co-origination arrangement. However, the priority sector assets on the bank’s books should at all times be without recourse to the NBFC. Further, the loans extended by foreign banks under the co-origination framework shall be restricted onl...

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Types of Foreign Currency Accounts that can be maintained in India

This article states the type of foreign currency accounts that can be opened, maintained and held in India subject to the conditions laid down by RBI....

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Divergence in asset classification by Indian banks

Too much is being said about the divergences in the RBIs assessment of Yes Bank for the last two years. It is not that only Yes Bank had divergence in asset classification norms of RBI....

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RBI liberalises ECB policy on Rupee denominated bonds

RBI/2018-19/48 A.P. (DIR Series) Circular No.9 (19/09/2018)

It has been decided, in consultation with the Government of India, to liberalise some aspects of the ECB policy including policy on Rupee denominated bonds as indicated below:...

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Foreign Direct Investment In Limited Liability Partnerships

LLP exhibits element of both partnerships and companies. As the name suggests, partners of the LLP have limited liability which means that personal assets of the partners are not used for paying off the debts of the LLP....

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Posted Under: Fema / RBI |

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.