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FEMA: Current and Capital Account Transactions and release of Foreign Exchange
FOREIGN EXCHANGE MANAGEMENT ACT Current and Capital Account Transactions and release of Foreign Exchange As Amended by the Finance Act, 2015 Transaction under FEMA According to FEMA, 1999 all the fore...
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RBI: Setting up of IFSC Banking Units (IBUs) – Permissible activities
RBI/2015-16/282 DBR.IBD.BC. 8536/23.13.004/2015-16 January 07, 2016 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir/Madam, Setting up of IFSC Banking Units (IBUs) – Permissibl...
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Master Circular- Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by FIs- Amendment
RBI/2015-16/283 DBR.No.FID.FIC 5/01.02.00/2015-16 January 07, 2016 All-India Term-Lending and Refinancing Institutions (EXIM Bank, NABARD, NHB and SIDBI) Dear Sir/ Madam Master Circular- Prudential No...
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RBI Master Direction – Miscellaneous
RBI/FED/2015-16/14 FED Master Direction No. 19/2015-16 January 1, 2016 To, All Authorised Dealer Category – I banks and Authorised banks Madam / Dear Sir, Master Direction – Miscellaneous Reserve Bank...
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RBI extends deadline for exchange of Banknotes issued prior to 2005 to 30.06.2016
RBI/2015-16/275 DCM (Plg) No.G-8/2331/10.27.00/2015-16 December 23, 2015 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks Primary (Urban) Co-operative Banks /...
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Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Thirteenth Amendment) Regulations, 2015
RESERVE BANK OF INDIA (Foreign Exchange Department) (Central Office) NOTIFICATION No. FEMA.360/2015-RB Mumbai, the 17th December, 2015 Foreign Exchange Management (Transfer or Issue of Security by a P...
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Mobile Banking Transactions in India – Operative Guidelines for Banks – Customer Registration for Mobile Banking
RBI/2015-16/269 DPSS.CO.PD.No./1265/02.23.001/2015-2016 December 17, 2015 The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks including RRBs / Urban Co-operati...
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RBI announces Marginal Cost of Funds Methodology for Interest Rate on Advances
The Reserve Bank of India today released the final guidelines on computing interest rates on advances based on the marginal cost of funds. The guidelines come into effect from April 1, 2016. Apart fro...
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RBI denies Message on Currency Notes circulating on Social Media
The Reserve Bank of India has today denied having issued a communication circulating on social media alerting members of public that banks will not accept currency notes with scribbling on them from J...
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RBI permits FPI to acquire NCDs/bonds, which are under default
RBI/2015-16/253 A.P. (DIR Series) Circular No.31 Dated-November 26, 2015 To All Authorised Persons Madam/ Sir, Investment by Foreign Portfolio Investors (FPI) in Corporate Bonds Attention of Authorize...
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Advance Remittance for Import of aircrafts /helicopters / other aviation related purchases
RBI/2015-16/249 A.P. (DIR Series) Circular No.30 November 26, 2015 To, All Authorised Dealer Category – I Banks Madam/ Sir Advance Remittance for Import of aircrafts /helicopters / other aviation rela...
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Clarification on FDI Policy on Single Brand Retail Trading
Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion Clarification on FDI Policy on Single Brand Retail Trading1 (as contained at para 6.2.16.3 of Consolidat...
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RBI allows Regional Rural Banks to provide internet banking to customers
RBI/2015-16/242 DBR.RRB.BC.No. 59/31.01.001/2015-16 Dated- November 19, 2015 All Regional Rural Banks Dear Sir/Madam, Internet Banking Facility for Customers of Regional Rural Banks Presently, Regiona...
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FAQs on Gold Monetisation Scheme, 2015
Gold Monetisation Scheme, 2015-Frequently Asked Questions Gold Monetisation Scheme, 2015 1. Query: Are banks required to obtain RBI approval to participate in the Gold Monetisation Scheme, 2015? Respo...
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Prime Minister launches 3 gold related schemes
Press Information Bureau Government of India Ministry of Finance 05-November-2015 19:27 IST Prime Minister launches three gold related schemes viz. Gold Monetization Scheme, Sovereign Gold Bond Scheme...
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Establishment of Branch Office Abroad by Indian Company
Note on Establishment of Branch Office Abroad by Indian Company If a person resident in India desires to enter into overseas market, he can enter either by establishing branch office or liaison office...
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Sovereign Gold Bonds, 2015-16 – Operational Guidelines
RBI/2015-16/222 IDMD.CDD.No.968/14.04.050/2015-16 November 4, 2015 The Chairman & Managing Director All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/Madam, Sovereign Gold Bonds, 2015-16 – Oper...
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RBI notifies Interest Rate on Gold Monetisation Scheme, 2015
RBI/2015-16/220 DBR.IBD.BC.53/23.67.003/2015-16 November 3, 2015 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Gold Monetisation Scheme, 2015 – Interest Rate Please refer to the Rese...
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Gold Monetisation Scheme, 2015 -RBI removes condition of 995 Fitness
RBI/2015-16/221 DBR.IBD.BC.52/23.67.003/2015-16 November 3, 2015 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Gold Monetisation Scheme, 2015 – Amendment In exercise of the powers co...
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Govt. notifies Sovereign Gold Bonds Scheme, 2015
Government of India Ministry of Finance Department of Economic Affairs New Delhi, dated the October 30, 2015 Notification G.S.R. 827(E). – In exercise of the powers conferred by clause (iii) of sectio...