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Notifications/Circulars

Inclusion of Capital Small Finance Bank Limited in 2nd Schedule to RBI Act, 1934

February 16, 2017 1101 Views 0 comment Print

We advise that the Capital Small Finance Bank Limited has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DBR.PSBD.No.5201/16.02.001/2016-17 dated November 8, 2016, and published in the Gazette of India (Part III – Section 4) dated February 4- February 10, 2017.

Inclusion of Equitas Small Finance Bank Limited in 2nd Schedule to RBI Act, 1934

February 16, 2017 1569 Views 0 comment Print

We advise that the Equitas Small Finance Bank Limited has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DBR.PSBD.No.7144/16.02.002/2016-17 dated December 23, 2016, and published in the Gazette of India (Part III – Section 4) dated February 4- February 10, 2017.

RBI allows Gold loans up to Rs. 2 lakh with bullet repayment option

February 16, 2017 3297 Views 0 comment Print

On a review, it has been decided to increase the quantum of loan that could be granted under the scheme, from Rs.1.00 lakh to Rs.2.00 lakh subject to the following conditions:

Reimbursement of Merchant Discount Rate

February 16, 2017 993 Views 0 comment Print

n order to operationalise the above, RBI will reimburse banks the MDR on debit cards used for payment of tax and non-tax dues to the Government of India with effect from January 1, 2017.

Draft Circular: Rationalisation of Merchant Discount Rate for Debit Card Transactions

February 16, 2017 1386 Views 0 comment Print

Recent developments have given a fillip to electronic transactions including card payments even at smaller merchant establishments. Keeping this in mind, for encouraging a wider segment of merchants to accept card payments, consultations were held with stakeholders for rationalising the MDR structure for debit card transactions.

Formation of 21 districts in Telangana- Assignment of Lead Bank Responsibility

February 16, 2017 1143 Views 0 comment Print

The Government of Telangana vide Gazette Notification dated October 11, 2016 had notified the formation of twenty one new districts in the State of Telangana. It has been decided to assign the lead bank responsibility of the twenty one new districts as detailed below:-

Rate of exchange of conversion of foreign currency WEF 17.02.2017

February 16, 2017 1221 Views 0 comment Print

Central Board of Excise and Customs hereby determines rate of exchange of conversion of each of foreign currencies WEF 17th February, 2017.

Govt mandates Aadhaar for beneficiaries of certain Schemes

February 15, 2017 1839 Views 0 comment Print

Individuals (eligible beneficiaries or service enablers) desirous of availing benefits under the schemes specified in the Table above are hereby required to furnish proof of possession of Aadhaar or undergo Aadhaar authentication.

Govt establishes Debts Recovery Tribunal at Dehradun

February 15, 2017 8058 Views 0 comment Print

Central Government hereby establish the Debts Recovery Tribunal at Dehradun with effect from the 16th day of February, 2017 and hereby specifies the area of jurisdiction of the Debts Recovery Tribunals at Allahabad, Lucknow and Dehradun in the States of Uttar Pradesh and Uttarakhand,

SEBI (Depositories and Participants) (Amendment) Regulations, 2017

February 15, 2017 1278 Views 0 comment Print

These Regulations may be called the Securities and Exchange Board of India (Depositories and Participants) (Amendment) Regulations, 2017. They shall come into force on the date of their publication inOfficial Gazette.

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