RBI / FEMA

The Committee headed by RBI Executive Director G. Padmanabhan was set up in 2013 to study the feasibility of implementation of Giro based Payment Systems. It had estimated that over 30,800 million bil...

1. Eligibility for Investment: The Bonds under this Scheme may be held by a person resident in India, being an individual, in his capacity as such individual, or on behalf of minor child, or jointly w...

Ministry of Finance Press Release 30 th October, 2015 Government to issue Sovereign Gold Bonds with effect from 26th November, 2015; Bonds to be sold through banks and designated post offices Governme...

RBI/2015-16/213 DBR. AML.BC. No. 46/14.01.001/2015-16 October 29, 2015 The Chairpersons/ CEOs of all Scheduled Commercial Banks/ Regional Rural Banks/ Local Area Banks/ All India Financial Institution...

Gist of Gold Monetization Scheme (GMS) 2015 Summary of Gold Monetization Scheme (GMS) 2015 as announced by RBI Master Direction No.DBR.IBD.No.45/23.67.003/2015-16 Dated- October 22, 2015 ♣ Resident In...

RBI/2015-16/211 Master Direction No.DBR.IBD.No.45/23.67.003/2015-16 October 22, 2015 Gold Monetisation Scheme, 2015 In exercise of the powers conferred on the Reserve Bank of India (RBI) under Section...

Non Banking Financial Company – Micro Finance Institutions (NBFC-MFIs) (Updated as on October 14, 2015) Q1. What is an NBFC-MFI? Ans. An NBFC-MFI is defined as a non-deposit taking NBFC (other than a...

Revised Rates Policy Repo Rate : 6.75% Reverse Repo Rate : 5.75% Marginal Standing Facility Rate : 7.75% Bank Rate : 7.75% Date : Sep 29, 2015 Fourth Bi-monthly Monetary Policy Statement, 2015-16 By D...

RBI/2015-16/193 A.P. (DIR Series) Circular No.17 September 29, 2015 To, All Authorised Dealer Category – I Banks Madam/ Sir External Commercial Borrowings (ECB) Policy – Issuance of Rupee denominated...

Government of India Ministry of Commerce & Industry Departmental of Industrial Policy & Promotion Clarification on FDI Policy on Facility Sharing Arrangements between Group Companies This Department h...

RBI/2015-16/168 DPSS (CO) RTGS No.492/04.04.002/2015-16 September 1, 2015 The Chairman / Managing Director / Chief Executive Officer of participants of RTGS Madam / Sir, Changes in RTGS time window A...

RBI releases the Report of the Working Group on Compilation of Flow of Funds Accounts for Indian Economy The Reserve Bank of India today placed on its website the Report of the Working Group on Compil...

Indian Banks are facing rising NPA’s due to slowdown in the Indian economy and high interest cost. Therefore, in order to deal with the defaulting companies the Reserve Bank of India has introduced th...

RBI/2015-16/152 FIDD.No.FSD.BC.59/05.04.02/2015-16 August 13, 2015 The Chairman / Managing Director All Public & Private Sector Scheduled Commercial Banks Dear Sir/Madam Union Budget – 2015-16 Interes...

Money Laundering:-What is this? Money Laundering is the processing of criminal proceeds to disguise its illegal origin. Terrorism Illegal arms sales Financial Crimes Smugglings Activities of Organized...

During the past one year we have seen number of initiatives taken by Indian Government to boost the economy. Over the time, foreign investment limit in several sectors has also relaxed but still the i...

Third Bi-monthly Monetary Policy Statement, 2015-16 By Dr. Raghuram G. Rajan, Governor Monetary and Liquidity Measures On the basis of an assessment of the current and evolving macroeconomic situation...

MINISTRY OF FINANCE (DEPARTMENT OF ECONOMIC AFFAIRS) NEW DELHI NOTIFICATION Dated: May 26, 2015 G.S.R. 426(E). – In exercise of the powers conferred by section 5 and sub-section (1) and clause (a) of...