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
CITI Bank Fraud- Hero Group exposure Rs 28.75cr, Police questions CFO
Citibank fraud- RBI to probe scam
Prudential Guidelines on Capital Adequacy and Market Discipline – New Capital Adequacy Framework (NCAF) – Parallel Run and Prudential Floor
RBI Notification – Security Issues and Risk mitigation measures related to Card Not present transactions
Investment in Non-SLR Securities- Non-Convertible Debentures (NCDs) of maturity up to one year
Provision of Budget for balance funds under Scheme of Rupees Export Credit Subvention to Scheduled Commercial Banks – Im
Lead Bank Scheme – Conduct of State Level Bankers’ Committee (SLBC)/Union Territory Level Bankers’ Committee (UTLBC) meetings
Directions for opening and operation of Accounts and settlement of payment for electronic payment transactions involving intermediaries
Comprehensive Guidelines on Over the Counter (OTC) Foreign Exchange Derivatives and Overseas Hedging of Commodity Price and Freight Risks
RBI asks banks to add extra security layer for phone banking
Collection of Statistics on pre-paid instruments
Issuance and operation of Prepaid Payment Instruments in India – Auditor Certificate on the balances in Escrow account
RBI Directions for submission of system audit reports from CISA qualified Auditor
Issuance of Non-Convertible Debentures (NCDs)- IDMD.PCD.25 /14.03.03/ 2010-11
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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