RBI Notifications

Compendium of Company Law, SEBI, RBI, NCLT Changes in Feb 2019

Fema / RBI - Article Contains updates on Notifications/ Circulars issued by MCA, SEBI, RBI, BSE, NSE in February 2019 and on Recent Important NCLT Order. Updates includes updates on The Companies (Significant Beneficial Owners) Amendment Rules, 2019 – 8 February 2019, The Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 201...

Read More

Full Fledged Money Changer (FFMC) Licence

Fema / RBI - Guidelines for issuance of FFMC Licence:- A. Eligibility: The guidelines for issue of new FFMC licence and renewal of FFMC licence,are given below: (a) The applicant has to be a company registered under the Companies Act,2013 or under any previous Companies Act. (b) The minimum Net Owned Funds (NOF) required for consideration as FFMC are ...

Read More

LEI Code – A Unique Code for Entities Participate in Financial Transaction

Fema / RBI - The LEI system has been implemented in a phased manner for participants (other than individuals) in the over-the-counter markets for rupee interest rate derivatives, foreign currency derivatives and credit derivatives in India in terms of RBI circular FMRD.FMID No. 14/11.01.007/2016-17 dated June 1, 2017 and for large corporate borrowers ...

Read More

Impact of Increase In Non-Performing Assets In Bank– Comparative Analysis of Public Sector And Private Sector Banks In India

Fema / RBI - The banking system plays a vital role in the finance sector. Without the sound and efficient system of the bank will lead to a healthy economy. The Narasimhan committee introduced the concept of non- performing assets. And it is the best way for judging the status of the bank. ...

Read More

Something for everyone: Hold for bond market, change in stance for FX market

Fema / RBI - The RBI in an unexpected move decided to keep the repo rate unchanged at 6.50%. The vote to stay on hold was advocated by five out of six members in the monetary policy Committee (MPC). ...

Read More

Draft Rupee Interest Rate Derivatives (Reserve Bank) Directions, 2019

Fema / RBI - Date : Apr 03, 2019 RBI releases Draft Rupee Interest Rate Derivatives (Reserve Bank) Directions, 2019 under section 45 W of the RBI Act, 1934 The Reserve Bank of India today released Draft Rupee Interest Rate Derivatives (Reserve Bank) Directions 2019. Comments on the draft directions are invited from banks, market participants and oth...

Read More

Governor’s Statement on Framework for Resolution of Stressed Assets

Fema / RBI - Reserve Bank of India will take necessary steps, including issuance of a revised circular, as may be necessary, for expeditious and effective resolution of stressed assets....

Read More

Reflections on Current Policy Issues Facing Indian Economy

Fema / RBI - Indian economy has witnessed an accelerated pace of domestic reforms in recent years. These reforms include, inter alia, the flexible inflation-targeting monetary policy framework, the Insolvency and Bankruptcy Code (IBC), the Goods and Services Tax (GST) and steps for enhancing foreign investments by liberalising the FDI regime and under...

Read More

India’s Investment Cycle: An Empirical Investigation

Fema / RBI - This study estimates the duration of the investment cycle and examines the determinants of investment activity in India. Using the National Bureau of Economic Research (NBER) dating procedure, the study finds that the real investment rate in India followed a three-year cycle during the period from 1950-51 to 2017-18...

Read More

USD/INR Update: Change in Call

Fema / RBI - The famous English economist John Maynard Keynes is known have to have retorted to a critic who pointed out that his predictions and policies changed all too often –I change my mind when the facts do. What do you do, sir?...

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

Foreign exchange –Contravention of provisions of Act–Liable to prosecution as well as penalty by adjudicating officer

Radheshyam Kejriwal Vs. State of West Bengal & ANR. (Supreme Court of India) - Foreign exchange --Contravention of provisions of Act--Liable to prosecution as well as penalty by adjudicating officer--Proceeding before adjudicating officer for acts considered offence--Exoneration in adjudication proceedings--No case for criminal proceedings thereafter on same facts--Foreign Exc...

Read More

Appeal No.: Writ Petition Nos. 23110 & 23558 of 2009, dated: 26.03.2010

P. Giribabu Vs. Dy. Director of Enforcement (Madras High Court) - The relief sought for by the petitioner seeking permission to be accompanied by an advocate of his choice when he appears before the Enforcement Directorate in pursuance of the summons issued under section 37 of the Foreign Exchange Management Act, 1999 and recording of statement in the presence of ...

Read More

Opening of Foreign Currency a/c by Re-insurance & Composite Insurance brokers

RBI/2018-19/167A.P. (DIR Series) Circular No.29 - (11/04/2019) - Re-insurance and composite insurance brokers registered with IRDA may open and maintain non-interest bearing foreign currency accounts with an AD bank in India for the purpose of undertaking transactions in the ordinary course of their business....

Read More

Merger of Lakshmi Vilas Bank and IBHF not yet approved: RBI

Press Release: 2018-2019/2390 - (06/04/2019) - Reserve Bank of India (RBI) has learnt through media reports that Lakshmi Vilas Bank (LVB) and Indiabulls Housing Finance Limited (IBHFL) have made a merger announcement on April 5, 2019 with approval of their respective Boards....

Read More

RBI reduces policy repo rate under LAF by 25 basis points

Press Release: 2018-2019/2364 - (04/04/2019) - Reserve Bank of India Date : Apr 04, 2019 First Bi-monthly Monetary Policy Statement, 2019-20 Resolution of the Monetary Policy Committee (MPC) Reserve Bank of India On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting...

Read More

RBI to inject Rupee liquidity through long term USD/INR Buy/Sell Swap auction

Press Release: 2018-2019/2340 - (01/04/2019) -  Reserve Bank of India Date : Apr 01, 2019 RBI to inject Rupee liquidity through long term USD/INR Buy/Sell Swap auction In order to meet the durable liquidity needs of the system, the Reserve Bank has decided to inject Rupee liquidity for longer duration through long-term foreign exchange Buy/Sell...

Read More

Disclosure of Divergence in asset classification & provisioning by Banks

RBI/2018-19/157 DBR.BP.BC.No. 32/21.04.018/2018-19 - (01/04/2019) - Banks should disclose divergences, if either or both of the following conditions are satisfied:a. the additional provisioning for NPAs assessed by RBI exceeds 10 per cent of the reported profit before provisions and contingencies for the reference period, andb. the additional Gross NPAs identified b...

Read More

Recent Posts in "RBI Notifications"

Opening of Foreign Currency a/c by Re-insurance & Composite Insurance brokers

RBI/2018-19/167A.P. (DIR Series) Circular No.29 (11/04/2019)

Re-insurance and composite insurance brokers registered with IRDA may open and maintain non-interest bearing foreign currency accounts with an AD bank in India for the purpose of undertaking transactions in the ordinary course of their business....

Read More

Merger of Lakshmi Vilas Bank and IBHF not yet approved: RBI

Press Release: 2018-2019/2390 (06/04/2019)

Reserve Bank of India (RBI) has learnt through media reports that Lakshmi Vilas Bank (LVB) and Indiabulls Housing Finance Limited (IBHFL) have made a merger announcement on April 5, 2019 with approval of their respective Boards....

Read More

Draft Rupee Interest Rate Derivatives (Reserve Bank) Directions, 2019

Date : Apr 03, 2019 RBI releases Draft Rupee Interest Rate Derivatives (Reserve Bank) Directions, 2019 under section 45 W of the RBI Act, 1934 The Reserve Bank of India today released Draft Rupee Interest Rate Derivatives (Reserve Bank) Directions 2019. Comments on the draft directions are invited from banks, market participants and oth...

Read More
Posted Under: Fema / RBI |

Governor’s Statement on Framework for Resolution of Stressed Assets

Reserve Bank of India will take necessary steps, including issuance of a revised circular, as may be necessary, for expeditious and effective resolution of stressed assets....

Read More
Posted Under: Fema / RBI |

RBI reduces policy repo rate under LAF by 25 basis points

Press Release: 2018-2019/2364 (04/04/2019)

Reserve Bank of India Date : Apr 04, 2019 First Bi-monthly Monetary Policy Statement, 2019-20 Resolution of the Monetary Policy Committee (MPC) Reserve Bank of India On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today decided to: reduce the policy rep...

Read More

RBI to inject Rupee liquidity through long term USD/INR Buy/Sell Swap auction

Press Release: 2018-2019/2340 (01/04/2019)

 Reserve Bank of India Date : Apr 01, 2019 RBI to inject Rupee liquidity through long term USD/INR Buy/Sell Swap auction In order to meet the durable liquidity needs of the system, the Reserve Bank has decided to inject Rupee liquidity for longer duration through long-term foreign exchange Buy/Sell swap in terms of its extant […]...

Read More

Disclosure of Divergence in asset classification & provisioning by Banks

RBI/2018-19/157 DBR.BP.BC.No. 32/21.04.018/2018-19 (01/04/2019)

Banks should disclose divergences, if either or both of the following conditions are satisfied:a. the additional provisioning for NPAs assessed by RBI exceeds 10 per cent of the reported profit before provisions and contingencies for the reference period, andb. the additional Gross NPAs identified by RBI exceed 15 per cent of the publishe...

Read More

Branches of Vijaya & Dena Bank to operate as branches of Bank of Baroda

Press Release : 2018-2019/2329 (30/03/2019)

All branches of Vijaya Bank and Dena Bank will function as branches of Bank of Baroda from April 1, 2019. Customers, including depositors of Vijaya Bank and Dena Bank will be treated as customers of Bank of Baroda with effect from April 1, 2019....

Read More

Reg. Opening of NRO Accounts by Long Term Visa (LTV) holders

RBI/2018-19/155A.P.(DIR Series) Circular No.28 (28/03/2019)

Foreign Exchange Management (Deposit) Regulations, 2016 - Opening of NRO Accounts by Long Term Visa (LTV) holders, changes related to Special Non-Resident Rupee (SNRR) Account and Escrow Account...

Read More

Establishment of BO/ LO / PO or any other place of business in India by foreign entities

RBI/2018-19/154A.P. (DIR Series) Circular No. 27 (28/03/2019)

For opening of a Branch Office (BO) / Liaison Office (LO) / Project Office (PO) or any other place of business in India, where the principal business of the applicant falls in the Defence, Telecom, Private Security and Information and Broadcasting sector, have since been reviewed in consultation with the Government of India and the amendm...

Read More

Browse All Categories

CA, CS, CMA (4,085)
Company Law (4,552)
Custom Duty (7,245)
DGFT (3,891)
Excise Duty (4,187)
Fema / RBI (3,652)
Finance (3,855)
Income Tax (29,441)
SEBI (3,087)
Service Tax (3,442)

Search Posts by Date

April 2019
M T W T F S S
« Mar    
1234567
891011121314
15161718192021
22232425262728
2930