RBI Circular Notification Press Release and Instructions issued by Reserve bank of India. News and Article on provisions, Rate changes, Policy changes and FAQ
Fema / RBI : Introduction to Compounding Compounding of contraventions is a voluntary process where an individual or entity admits a contravent...
Fema / RBI : Learn about the FEMA compounding process, authorities, and rules for resolving foreign exchange contraventions with the updated Fo...
Fema / RBI : RBI cuts repo rate to 6.25%, revises GDP and inflation forecasts, introduces forward contracts in G-Secs, enhances cybersecurity, ...
Fema / RBI : With fiscal prudence in focus, will the RBI cut rates or use other tools? As global economies adjust, all eyes are on India's mone...
Fema / RBI : Foreign companies can establish a project office in India for specific operations. Learn about RBI approval, documentation, and co...
Fema / RBI : Explore challenges faced by first-time borrowers and informal sector workers due to limited CIBIL scores, and measures to improve ...
Fema / RBI : New FEMA rules allow settlement of foreign exchange violations with penalties up to ₹5 crore. Pending cases will follow earlier ...
Fema / RBI : Rupee hit ₹86.70/USD in January 2025, its lowest level. Factors include global economic trends, US elections, and forex reserve ...
Fema / RBI : The Indian Rupee has depreciated against the US Dollar over the past decade. The government explains causes, trade impacts, and RB...
Fema / RBI : The Indian government takes measures to regulate digital lending platforms and protect citizens from exploitation by unauthorized ...
Fema / RBI : Present appeal has been filed by the appellant mainly contesting that whether the Tribunal was right in holding that there has bee...
Fema / RBI : Delhi High Court held that petitioner is duly entitled for the grant of duty drawback since the export proceeds have been realised...
Fema / RBI : Delhi High Court sets aside RBI's cancellation of NBFC registration for failure to meet Rs. 200 Lakh NOF, directs fresh review of ...
Fema / RBI : RBI directs NBFCs to adhere to a Rs 20,000 cash loan disbursement limit, aiming to regulate cash transactions and enforce complian...
Fema / RBI : Lender Banks Required to Provide Audit Reports to Borrowers and Allow Representation Before Classifying Accounts as Fraud, Along w...
Fema / RBI : RBI invites public comments on draft circular regarding foreclosure charges and pre-payment penalties on loans. Stakeholders can s...
Fema / RBI : RBI releases Directions 2025 for forward contracts in government securities, applicable from May 2, 2025, outlining eligibility, s...
Fema / RBI : RBI introduces RBIDATA mobile app, providing macroeconomic and financial data on the Indian economy with interactive charts and se...
Fema / RBI : RBI revises Basel III norms, excluding certain AIFI investments in long-term bonds from the 25% HTM ceiling. Changes effective fro...
Fema / RBI : RBI permits matching, clearing, and settlement of Government securities transactions between PMs and GAHs on NDS-OM. Optional CCIL...
DBOD.No.BL. 63 /22.01.009/2009-10 – Banks are permitted to appoint the following entities as BCs, in addition to the entities presently permitted: (i) Individual kirana/medical /fair price shop owners (ii) Individual Public Call Office (PCO) operators (iii) Agents of Small Savings schemes of Government of India/Insurance Companies (iv) Individuals who own Petrol Pumps (v) Retired teachers and (vi) Authorised functionaries of well run Self Help Groups (SHGs) linked to banks.
While RBI played down the issue, it emerged that Bank of Baroda (BoB) had an exposure of around $200 million (Rs 928 crore at Friday’s rates) to Dubai World, a senior bank executive said. “The amount is due for repayment only after 2011. It is paying interest and there are no overdues. So, we have absolutely no immediate concern,” a senior bank executive said.
You are requested to initiate the activity for migrating the PDO NDS application at your end to work in this new environment. We will be uploading the new setup and the installation document in the PDO NDS link available on the RBI Secured Websitebe (https://secweb.rbi.org.in) in due course of time. A broadcast to this effect will be made through the PDO NDS application. You are requested to intiate the activity for migrating the PDO NDS application to this new environment at the earliest.
In terms of Prevention of Money Laundering Act, (PMLA), 2002, as amended by Prevention of Money Laundering (Amendment) Act, 2009, all Authorized Persons, authorized under Section 10(1) of FEMA, 1999 have been brought under the purview of PMLA, 2002. Therefore, the existing Know Your Customer (KYC) norms/ Anti-Money Launderings (AML) standards/ Combating the Financing of Terrorism (CFT) for money changing activities have been revisited in the context of the Financial Action Task Force (FATF) Recommendations on Anti Money Laundering (AML) standards and on Combating the Financing of Terrorism (CFT). Detailed instructions on Know Your Customer (KYC) norms
Ref.No.IDMD /2407 /08.02.033/2009-10 – Dated:- November 27, 2009 The Reserve Bank of India at Mumbai will conduct the auctions on December 4, 2009. The salient features of the auctions and the terms and conditions governing the issue of the Stocks are given in the Notifications (copies enclosed), which should be read along with the General Notification F. No. 4 (13)–W&M/2008, dated October 8, 2008 issued by Government of India.
Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to the Memorandum of Instructions for Opening and Maintenance of Rupee / Foreign Currency Vostro Accounts of Non-resident Exchange Houses, issued vide A.P.(DIR Series) Circular No. 28 [A.P. (FL/RL Series) Circular No. 02] dated February 6, 2008 and A.P.(DIR Series) Circular No. 11 [A.P. (FL/RL Series) Circular No. 01] dated August 22, 2008. In view of the difficulties expressed by AD Category-I banks having Rupee Drawing Arrangements in adhering to some of the extant guidelines, it has been decided to revise certain instructions contained in the Memorandum. The revised instructions are given in the Annex.
The Committee, inter-alia, recommended broadening of the scope of the Scheme to specifically cover financial inclusion, role of State Governments, financial literacy and credit counselling, ‘credit plus’ activities, formulation of time bound Development Plans to facilitate ‘enablers’ and remove /minimise ‘impeders’ for banking development for inclusive growth and debt settlement and grievance redressal mechanisms. On the basis of recommendations of the Committee and as announced in Paragraph 147 of the Governor’s statement on Second Quarter Review of the Monetary Policy 2009-10, it is advised that the lead banks may
Please refer to our circular UBD.PCB.Cir.No.4/09.18.201/2008-09 dated July 15, 2008 prescribing guidelines for issue of Preference shares and Long term Deposits by Urban Cooperative Banks. In this connection, it is advised that the Long Term Deposits referred to in the said guidelines should henceforth be titled as ‘Long Term (Subordinated) Deposits’.
“We are setting up a group in the RBI and they will interact with market participants,” Gopinath said at a banking seminar here. A credit default swap is a swap contract in which the buyer of the CDS makes a series of payments to the seller and, in exchange, receives a payoff if a credit instrument goes into default.
A.P. (DIR Series) Circular No.18 In terms of Prevention of Money Laundering Act, (PMLA), 2002, as amended by Prevention of Money Laundering (Amendment) Act, 2009, all Authorised Persons (APs), authorized under Section 10(1) of FEMA, 1999, have been brought under the purview of PMLA, 2002. Therefore, detailed instructions on Know Your Customer (KYC) norms/ Anti-Money Launderings (AML) standards/ Combating the Financing of Terrorism (CFT) in respect of cross-border inward remittance activities, in the context of the Financial Action Task Force (FATF) Recommendations on Anti Money Laundering (AML) standards and on Combating the Financing of Terrorism (CFT) have been prescribed.
