Fema / RBI
Log in to FollowRBI Circular Notification Press Release and Instructions issued by Reserve bank of India. News and Article on provisions, Rate changes, Policy changes and FAQ
Banks to include ‘third gender’ in all forms/applications etc.
Banks can issue FDs exceeding 15 lakhs without option of pre-mature withdrawal at differential interest rates
6 more documents acceptable as address proofs under Money Laundering norms
RBI cautions on 'All Bank Balance Enquiry' App
NBFCs- Lending against Shares – Clarification
RBI releases draft Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by NBFCs
Review of FDI policy –Sector Specific conditions- Insurance sector
Non-Banking Financial Company-Micro Finance Institutions (NBFC-MFIs) – Directions – Modifications
Refinancing of Exposures to Borrowers – Norms on Income Recognition, Asset Classification & Provisioning
Projects Under Implementation – Change in Ownership- Provisioning norms pertaining to Advances
All about External Commercial Borrowings (ECB)
RBI withdraws limit of USD 20 million for Buyer’s credit
RBI revises KYC norms for Bank Account of Proprietary Concerns
RBI Circular on Provisioning pertaining to Fraud Accounts
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.
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