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
Bank Finance Limit to NBFCs Predominantly Engaged in lending against Gold
Priority Sector Lending – Indirect Finance to Housing Sector – Limit Raised to 10 Lakh
Interest Rates on FCNR(B) Deposits wef close of business in India on May 4, 2012
RBI – Financial Inclusion – Use of Business Correspondents
Conversion of EEFC balances into rupee balances will only be applicable to available balances in EEFC account
FDI up to 100 per cent under automatic route covers only financial leases & not operating leases
Interest Rate on NRIs Deposits
Review of Service Charges for Cheque Collection – Outstation and Speed Clearing
RBI Guidelines for clearing of cheques where there is no formal clearing house
Core Investment Companies (Reserve Bank) Directions, 2011 – Clarification on CICs Issuing Guarantees
Revised Scheme for issue of Kisan Credit Card
Documents Required for opening accounts of proprietary concerns
Policy for Transfer of Borrowal Accounts from One Bank to Another
Exim Bank’s Line of Credit to the Government of the Republic of Mozambique – A. P. (DIR Series) Circular No.125
Latest RBI / FEMA News
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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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