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
Revised Capital Adequacy Framework for Off-Balance Sheet Items for NBFCs
Non-Banking Financial (Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 – Amendment in para 16(2)
Credit Default Swaps – NBFCs as Users
RBI issues guideline to Guidelines on deregulation of Savings Bank Deposit Interest Rate
RBI asks NBFCs to accept Letter issued by UIDAI containing details of name, address and Aadhaar number as KYC document
RBI prohibits Money Masters Leasing & Finance Limited (MMLFL) from accepting deposits
Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 – Amendment in para 16(2)
Yes Bank hikes interest rate on savings deposits above one Lakh to 7%
Bank not responsible for unauthorised use of your ATM Card
KYC Norms/AML Standards/CFT – Obligation of Authorised Persons under PMLA, 2002
Mobile Banking Transactions in India – RBI removes transaction limit of Rs. 50,000/- per customer per day
Implementation of the Internal Rating Based (IRB) Approaches for Calculation of Capital Charge for Credit Risk
Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 – State Bank of India Commercial and International Bank Limited
RBI – Marginal Standing Facility – Scheme
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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