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
National Electronic Funds Transfer (NEFT) System – Refinement of process-flow and enhancement of features
RBI doesn’t approve penalties on foreclosure of loans but not done enough to prevent such practice
Compliance with FDI norms-Half yearly certificate from Statutory Auditors of NBFCs
RBI not have info on "heavy penalties" and "extra-ordinary interest rates" imposed by banks on credit card defaults
UCBs – Prevention of Money-laundering – Amendment Rules, 2009 – Obligation of banks / Financial institutions
Third Quarter Review of RBI Monetary Policy 2009-10
RBI circular on Maintenance of Cash Reserve Ratio (CRR) by Scheduled State Co-operative Banks
RBI circular on Maintenance of Cash Reserve Ratio (CRR) by All Scheduled Primary (Urban) Co-operative Banks
RBI circular on Maintenance of CRR by regional rural bank
RBI/2009-10/299, Dated: 01.02.2010
Section 23 of the Banking Regulation Act, 1949 – Relaxations in Branch Authorisation Policy
RBI circular on Export and Import of Currency
RBI hikes CRR by 75 bps, No Change in Reverse Repo Rate and Repo rate
Section 42(1) of the Reserve Bank of India Act, 1934 – Maintenance of CRR
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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