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 : Explains RBI's cancellation of 135 NBFC registrations under Section 45-IA, the SBR framework, cancellation grounds and the regulat...
Fema / RBI : RBI's draft guidance highlights Board oversight, data governance and accountability as key foundations for responsible AI adoption...
Fema / RBI : Know the FLA Return filing requirement under FEMA, due date, FLAIR portal process, reporting rules, revisions and key compliance r...
Fema / RBI : FEMA Compounding Rules, 2024, RBI Directions and April 2025 amendments revise compounding, digital filing, jurisdictional limits a...
Fema / RBI : Explains NRI and resident status under FEMA, Section 3 restrictions, current and capital account transactions, and examples of per...
Fema / RBI : RBI has clarified reporting requirements, valuation methods, submission procedures, and entity obligations under the Portfolio Inv...
Fema / RBI : The amendment redefines revenue reserves by excluding provisions for liabilities and depreciation. This ensures clearer classifica...
Fema / RBI : RBI revises the definition of revenue reserves to exclude provisions and liabilities. The change enhances transparency and consist...
Fema / RBI : The Reserve Bank of India has removed a key provision from capital adequacy norms to ensure consistency with updated investment ru...
Fema / RBI : RBI introduces annual IFR assessment instead of continuous compliance for RRBs. The change reduces operational burden while mainta...
Fema / RBI : Bombay HC permitted withdrawal of wilful defaulter orders and directed fresh proceedings after disclosure of relevant material, pe...
Fema / RBI : Calcutta HC permitted the borrower to file a fresh RBI Ombudsman complaint in the prescribed format and directed its consideration...
Fema / RBI : Calcutta HC directed completion of liquidation of 32 banking companies within six months with periodic reporting to RBI....
Fema / RBI : The Karnataka High Court upheld the Appellate Tribunal's finding that the respondents satisfied the definition of person resident ...
Fema / RBI : The key issue was whether cash falls within the definition of property under the PBPT Act. The Tribunal ruled that cash is a tangi...
Fema / RBI : RBI released draft data governance guidance for regulated entities, inviting comments by August 17, 2026, on governance, data qual...
Fema / RBI : RBI consolidates SRVA instructions, supersedes earlier circulars, permits FEMA transactions through SRVAs, and updates reporting w...
Fema / RBI : RBI amends Local Area Bank Directions on SNFA income recognition, reversal of unrealised income and accounting treatment, effectiv...
Fema / RBI : RBI amends RRB income recognition norms for SNFAs, prescribing treatment of unrealised income and realised receipts from October 1...
Fema / RBI : RBI amends income recognition norms for SNFAs, requiring reversal of unrealised income and prescribing accounting treatment from O...
Please refer to our circular letter DBOD.AML.No.8299/14.06.057/2009-10 dated November 11, 2009. We have since received from Government of India (Ministry of External Affairs) copy of note dated December 3, 2009 from the Chairman of UN Security Council’s 1267 Committee regarding changes made in the Consolidated List of Individuals and entities linked to Al-Qaida and Taliban (copy enclosed).
Attention of Authorized Dealer Category – I (AD Category – I) banks is invited to the A.P. (DIR Series) Circular No. 46 dated January 2, 2009, A.P. (DIR Series) Circular No. 64 dated April 28, 2009 and A.P. (DIR Series) Circular No. 71 dated June 30, 2009 relating to External Commercial Borrowings (ECB).
In terms of paragraph 2(a) of our circular UBD.PCB.Cir. No 29 / 09.11.600 / 2008-09 dated December 1, 2008, the provisioning requirements for all types of standard assets in case of Tier II UCBs had been reduced to a uniform level of 0.40 per cent except in the case of direct advances to Agriculture and SME sectors which continued to attract a provisioning of 0.25 per cent. Tier I UCBs were also advised to make a general provision of 0.25% on all their standard assets.
Please find enclosed Circular DBOD.No.BP.BC.64/21.04.048/2009-10 dated December 1, 2009 on the above subject. In this connection, it is advised that the above guidelines issued to banks, shall mutatis mutandis apply to the select All-India Financial Institutions (AIFIs).
Payment of salary outside India to employees of a foreign company who are on secondment to an office, branch, subsidiary or joint venture in India (Indian entity) of the foreign company. The remittance of salary received by foreign nationals whilst resident in India who are employees of Indian companies.
The Reserve Bank today said the domestic banks do not have much exposure to the debt-ridden Dubai World and hence their balance sheets will not be materially affected from the crisis. In the larger context, the rating agency Moody’s also today said the ratings of Asian banks are not likely to be downgraded, unless there is a massive restructuring in Dubai.
Christmas cheer has come early for foreign nationals working in India. They can now take their entire post-tax salaries home, following a change in rules to this effect by the Reserve Bank of India (RBI). This will benefit sectors such as aviation, telecom and infrastructure, which employ a large number of expats, making it easier for them to attract talent from abroad. Earlier, expats could take only 75% of their salaries abroad.
Allows inclusion of technical write-offs while calculating provision coverage ratio. In a relief to a large number of banks such as Canara Bank, the Reserve Bank of India (RBI) has allowed the lenders to include technical write-offs while increasing the provision coverage ratio (PCR) to 70 per cent.
Ref.No.IDMD/2479/08.02.033/2009-10 December 4, 2009 – n all the auctions, Government Stock up to 5% of the notified amount of sale will be allotted to the eligible individuals and institutions under the Scheme for Non-competitive Bidding Facility in the Auctions of Government Securities (enclosed with the notifications F. No.4 (1)-W&M/2009, F. No.4 (1)-W&M/2009(i) and F. No.4 (1)-W&M/2009(ii) all dated December 4, 2009). Each bank or PD on the basis of firm orders received from their constituents will submit a single consolidated non-competitive bid on behalf of all its constituents in electronic format on the Negotiated Dealing System (NDS). Allotment under the non-competitive segment to the bank or PD will be at the cut-off price that will emerge in the auction on the basis of the competitive bidding.
UBD.BPD (PCB).Cir No.25/09.11.200/2009-10 Dated – December 3, 2009 The Government had in exercise of powers conferred by Section 35 of the Act issued (Removal of Difficulties) Order, 2008 dated January 24, 2008 extending the last date for taking membership of at least one credit information company by credit institutions to December 31, 2008. A copy of captioned Notification dated January 24, 2008 is enclosed for information and necessary action. Further extension of time is under consideration.
