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
Realty firms may not be permitted to roll-over the loan taken from Banks
NBFCs to finalise their balance sheet within a period of 3 months from the date to which it pertains
’RBI may accept IFRS but won’t leave prudential norms’
Bribes-for-loans scam- Banks to tighten norms for sanction of loan to Real Estate Companies
Banks want RBI to define teaser loan schemes
Shortfall in Maintenance of SLR – Additional Liquidity Support under LAF
RBI cautions against money schemes by unauthorised non-banking finance companies
Assocham demands 50-100 new private banking licences
Submission of information to Credit Information Companies
Cash Handling Charges levied by Banks should be reasonable not more then cost of providing such services
Transfer funds to any bank account via mobile phone
RBI allows Urban cooperative banks to lend more with regard to home loans and advances to the realty sector
Oriental Bank of Commerce starts unique ID enrolment process for its customers and Staff
RBi adivises bank to disclose all information relating to processing fees / charges
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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