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
Setting up of Central Electronic Registry under the SARFESAI Act, 2002
RBI raises NPA provisioning for bad loans
Exchange 25 paise coins before June 30
Enhancement of Rates of Provisioning for Non-Performing Assets (NPA) and Restructured Advances
RBI hints at more steps as April inflation still too high
Increase in Housing Loan Limit under Priority Sector -Circular No. RPCD.CORRB.No.71/03.05.33/2010-11
FEMA – Revised guidelines on KYC norms/AML standards under Money Transfer Service Scheme – A.P. (DIR SERIES) CIRCULAR NO. 62, DATED 16-05-2011
FEMA – Revised instructions on KYC norms/AML standards – A.P. (DIR SERIES) CIRCULAR NO. 61, DATED 16-05-2011
NBFCs- RBI’s advisory regarding updation of consolidated list of individuals/entities linked to terrorist organisations – CIRCULAR NO. DNBS(PD).CC. NO. 219/03.10.42/2010-11, DATED 16-05-2011
RBI – Comprehensive Guidelines on Over the Counter (OTC) Foreign Exchange Derivatives and Overseas Hedging of Commodity Price and Freight Risks
RBI – Enhancement in gratuity limits – Prudential Regulatory Treatment
RBI – Monthly Bulletin – May 2011
RBI Circular on Regulatory and Audit Compliance
RBI sets up committee on forex facilities to individuals
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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