2 RBI Notifications

RBI Notifications

RBI’s Acquisition & Holding of Shares or Voting Rights in Banking Companies Directions, 2023

Fema / RBI - Summarising the RBI’s Acquisition and Holding of Shares or Voting Rights in Banking Companies Directions, 2023 INTRODUCTION The Reserve Bank of India (RBI) has recently issued the ‘Directions – Acquisition and Holding of Shares or Voting Rights in Banking Companies’ in order to ensure that the ultimate ownership and control of...

Read More

International Trade Settlement in Indian Rupees (INR) – FAQs

Fema / RBI - Q.1 How is the Special Rupee Vostro Account (SRVA) different from the already existing Rupee Vostro Account provided for under Foreign Exchange Management (Deposit) Regulations, 2016? Ans.  The settlement of International trade through Indian Rupees (INR) is an additional arrangement to the existing system of settlement. SRVA requires p...

Read More

Annual Return on Foreign Liabilities & Assets (FLA) under FEMA 1999 – FAQs

Fema / RBI - The annual return on Foreign Liabilities and Assets (FLA) is required to be submitted by the following entities which have received FDI (foreign direct investment) and/or made FDI abroad (i.e. overseas investment) in the previous year(s) including the current year i.e., who holds foreign assets or/and liabilities in their balance sheets...

Read More

Cash Withdrawal Facility at Point of Sale (PoS) Terminals- FAQs

Fema / RBI - Under the facility of cash withdrawal at PoS terminals, cardholders can withdraw cash using their debit cards and open system prepaid cards issued by banks in India....

Read More

All about Debit Cards, Credit Cards, electronic Cards & Prepaid Cards

Fema / RBI - Cards can be classified on the basis of their issuance, usage and payment by the card holder. There are four types of cards (a) debit, (b) credit, (c) prepaid, and (d) electronic....

Read More

RBI issues List of unauthorised forex trading platforms

Fema / RBI - Reserve Bank of India Alert List The Alert List contains names of entities which are neither authorised to deal in forex under the Foreign Exchange Management Act, 1999 (FEMA) nor authorised to operate electronic trading platform (ETP) for forex transactions under the Electronic Trading Platforms (Reserve Bank) Directions, 2018. This list...

Read More

Corporate Bond Markets in India – Challenges and prospects

Fema / RBI - The growing size of the corporate bond market and the number of issuances every year are important indicators of the success of the development efforts of the Government and regulators....

Read More

Dynamics of Inflation in South Asia

Fema / RBI - South Asia is most vulnerable to food inflation, given the large segment of our populations battling poverty. Moreover, this is a region in which it is rising food prices that can trigger second round effects leading to the generalisation of inflation and its persistence....

Read More

Statistics should focus on laying down pathway towards proper interpretation

Fema / RBI - In other words, statistics should focus on laying down the pathway towards proper interpretation in the present world of data abundance. This would facilitate more informed decision making, clarity in communication from decision makers and formation of rational expectations from market participants....

Read More

Geopolitical Spillovers and the Indian Economy

Fema / RBI - Reserve Bank of India Geopolitical Spillovers and the Indian Economy (Keynote Address delivered by Michael Debabrata Patra, Deputy Governor, Reserve Bank of India – June 24, 2022 – Standalone session on ‘Geopolitical Spillovers and the Indian Economy’ organised by the PhD Chamber of Commerce and Industry, New Delhi) Shri P...

Read More

RBI Responsible for Monitoring Compliance of Loan Moratorium Circular: HC

Velankani Information Systems Limited Vs Secretary, Ministry of Home Affairs (Karnataka High Court) - The contentions of the RBI that the dispute is between the Petitioner and Respondents is not acceptable since the dispute arises out of the implementation or not of a Circular issued by the RBI. RBI is therefore directed to monitor the implementation of the Circular, including verification of whethe...

Read More

Exclusion of Lockdown Period- SC cannot issue any direction to RBI

Harsh Nitin Gokhale Vs Reserve Bank of India & Ors (Supreme Court) - Harsh Nitin Gokhale Vs Reserve Bank of India & Ors (Supreme Court) In the present case, writ petition file seeking relief to exclude the time period of lockdown for calculating the limitation for presentation of cheque/demand draft within 3 months as per policy decision of RBI. Supreme Court sta...

Read More

FEMA – Claim for interest in the nature of compensation for wrongful retention of money is not maintainable

Directorate Of Enforcement Vs. Subhash Muljimal Gandhi (Delhi High Court) - Directorate of Enforcement Vs. Subhash Muljimal Gandhi ( Delhi HC)- that interest at the rate of 6% per annum under Rule 8 could have been awarded to the respondent on the seized Indian currency only. The learned Single Judge has however applying the said Rule also awarded interest on the seized fo...

Read More

SC asks Ketan Ketan Parikh and Co to Deposit deposit 50 percent of penalty imposed for Fema violations

Ketan V. Parekh Vs. Special Director, Directorate of Enforcement and another (Supreme Court of India) - Ketan V. Parekh Vs. Special Director, Directorate of Enforcement and another (Supreme Court)- Ketan Parikh, Kartik Parikh and M/s. Panther Fincap and Management Services Ltd, were imposed a penalty of Rs. 80 Crores, 12 Crores and 40 Crores respectively by the Special Director of Enforcement, Mumbai ...

Read More

Section 45(1A) of the Prevention of Money Laundering Act, 2002 – Binod Kumar Versus State of Jharkhand & Others

Binod Kumar Vs State of Jharkhand & Others (Supreme Court of India) - Binod Kumar Versus State of Jharkhand & Others- In the impugned judgment, it is mentioned that the basic allegation is amassing of illicit wealth by various former Ministers, including a former Chief Minister of the State. The money alleged to have been so earned is of unprecedented amounts. However...

Read More

RBI discussion Paper on Securitisation of Stressed Assets Framework

Press Release: 2022-2023/1614 - (25/01/2023) - Discussion Paper on Securitisation of Stressed Assets Framework (SSAF) broadly covers nine relevant areas of the framework including asset universe, asset eligibility, minimum risk retention, regulatory framework for special purpose entity and resolution manager, access to finance for resolution man...

Read More

RBI extends deadline for renewal of bank locker agreements

RBI/2022-23/168 CO.CEPD.PRS.No.S1233/13-01-018/2022-2023 - (23/01/2023) - In many cases, the banks are yet to inform the customers about the need for renewal of agreements before January 1, 2023. Further, there is a need for revision in the Model Agreement drafted by the Indian Banks’ Association (IBA) to fully comply with the revised instructions....

Read More

RBI designate Sovereign Green Bonds under ‘Fully Accessible Route’ for Investment by Non-residents

RBI/2022-23/169 FMRD.FMID.No.07/14.01.006/2022-23 - (23/01/2023) - RBI designate all Sovereign Green Bonds issued by the Government in the fiscal year 2022-23 as ‘specified securities’ under FAR....

Read More

Master Direction – RBI (Acquisition and Holding of Shares or Voting Rights in Banking Companies) Directions, 2023

RBI/DOR/2022-23/95 DOR.HOL.No.95/16.13.100/2022-23 - (16/01/2023) - Any person who intends to acquire shares or voting rights in a banking company beyond the limit for which approval was obtained from the Reserve Bank, is required to apply to the Reserve Bank for prior approval to increase their aggregate holding in the banking company....

Read More

Use ‘Price / Yield range setting’ facility provided on e-Kuber platform: RBI

Notification No. RBI/2022-23/163, IDMD.No.S2800/08.02.032/2022-23 - (11/01/2023) - All market participants are, advised to utilize Price / Yield range setting facility provided on e-Kuber platform before placing bids in Primary Market auctions....

Read More

Recent Posts in "RBI Notifications"

RBI discussion Paper on Securitisation of Stressed Assets Framework

Press Release: 2022-2023/1614 25/01/2023

Discussion Paper on Securitisation of Stressed Assets Framework (SSAF) broadly covers nine relevant areas of the framework including asset universe, asset eligibility, minimum risk retention, regulatory framework for special purpose entity and resolution manager, access to finance for resolution manager, capital treatment, due diligence, ...

Read More

RBI extends deadline for renewal of bank locker agreements

RBI/2022-23/168 CO.CEPD.PRS.No.S1233/13-01-018/2022-2023 23/01/2023

In many cases, the banks are yet to inform the customers about the need for renewal of agreements before January 1, 2023. Further, there is a need for revision in the Model Agreement drafted by the Indian Banks’ Association (IBA) to fully comply with the revised instructions....

Read More

RBI designate Sovereign Green Bonds under ‘Fully Accessible Route’ for Investment by Non-residents

RBI/2022-23/169 FMRD.FMID.No.07/14.01.006/2022-23 23/01/2023

RBI designate all Sovereign Green Bonds issued by the Government in the fiscal year 2022-23 as ‘specified securities’ under FAR....

Read More

RBI’s Acquisition & Holding of Shares or Voting Rights in Banking Companies Directions, 2023

Summarising the RBI’s Acquisition and Holding of Shares or Voting Rights in Banking Companies Directions, 2023 INTRODUCTION The Reserve Bank of India (RBI) has recently issued the ‘Directions – Acquisition and Holding of Shares or Voting Rights in Banking Companies’ in order to ensure that the ultimate ownership and control of...

Read More
Posted Under: Fema / RBI |

Master Direction – RBI (Acquisition and Holding of Shares or Voting Rights in Banking Companies) Directions, 2023

RBI/DOR/2022-23/95 DOR.HOL.No.95/16.13.100/2022-23 16/01/2023

Any person who intends to acquire shares or voting rights in a banking company beyond the limit for which approval was obtained from the Reserve Bank, is required to apply to the Reserve Bank for prior approval to increase their aggregate holding in the banking company....

Read More

Use ‘Price / Yield range setting’ facility provided on e-Kuber platform: RBI

Notification No. RBI/2022-23/163, IDMD.No.S2800/08.02.032/2022-23 11/01/2023

All market participants are, advised to utilize Price / Yield range setting facility provided on e-Kuber platform before placing bids in Primary Market auctions....

Read More

Basel III Capital Regulations – Eligible Credit Rating Agencies

RBI/2022-23/162, DOR.STR.REC.94/21.06.008/2022-23 09/01/2023

Banks are advised to use ratings of following domestic credit rating agencies for risk weighting their claims for capital adequacy purposes...

Read More

Periodic Updation of KYC details of Customers

Press Release: 2022-2023/1500 05/01/2023

Fresh KYC process can be done by visiting a bank branch, or remotely through a Video based Customer Identification Process (V-CIP) (wherever the same has been enabled by the banks), as provided in Section 18 of the Master Direction on KYC....

Read More

RBI releases Annual Report of Ombudsman Schemes, 2021-22

Press Release No. 2022-2023/1491 04/01/2023

The volume of complaints received under the Ombudsman Schemes/ Consumer Education and Protection Cells during the year 2021-22 increased by 9.39 per cent over the previous year and stood at 4,18,184 during the reported period....

Read More

RBI amends Foreign Investment guidelines for reporting in SMF on Firms

RBI/2022-23/160 A.P. (DIR Series) Circular No. 22 04/01/2023

All forms submitted with the requisite documents will be auto-acknowledged on the FIRMS portal with a time stamp and an auto-generated e-mail will be sent to the applicant....

Read More

Browse All Categories

CA, CS, CMA (6,288)
Company Law (8,866)
Corporate Law (11,272)
Custom Duty (9,729)
DGFT (4,927)
Excise Duty (5,019)
Fema / RBI (5,403)
Finance (5,890)
Income Tax (44,129)
SEBI (4,751)
Service Tax (4,187)