Fema / RBI
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Exim Bank’s Line of Credit to the Government of Democratic Socialist Republic of Sri Lanka
Exim Bank’s Line of Credit of USD 70 million to Government of the Republic of Congo
Exim Bank’s Line of Credit to the Government of Republic of Burundi
Guidelines on Implementation of Basel III Capital Regulations in India
Intra-bank Deposit Accounts Portability
Priority Sector Lending-Indirect Finance to Housing Sector – Increase in Limit to 10 lakh
Monetary Policy Statement 2012-13 – Exposure to Housing, Real Estate and Commercial Real Estate – Primary (Urban) Co-operative Banks
Priority Sector Lending-Indirect Finance to Housing Sector
Trinity to make financial stability possible
External Commercial Borrowings for Civil Aviation Sector – A. P. (DIR Series) Circular No. 113
Guidelines on Credit Default Swaps for Corporate Bonds-Permitting All India Financial Institutions
Reporting Requirements of NBFCs
Enhancement in Refinancing limit for Power Sector & ECB for Maintenance & Operation of Toll systems for Roads and Highways
MICR & IFSC Code on Passbook /Bank Statement mandatory
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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