RBI/2014–15/627 DBR.BP.BC.No.101/21.04.132/2014–15 June 8, 2015 Strategic Debt Restructuring Scheme Please refer to our circular DBOD.BP.BC.No.97/21.04.132/2013–14 dated February 26, 2014 on “Framework for Revitalising Distressed Assets in the Economy – Guidelines on Joint Lenders’ Forum (JLF) and Corrective Action Plan (CAP)”, Share on:…
Category: RBI
The Depositor Education and Awareness Fund Scheme, 2014- Operational Guidelines
RBI/2014–15/645 DBOD.No.DEAF Cell.BC.105/30.01.002/2014–15 June 18, 2015 The Depositor Education and Awareness Fund Scheme, 2014 –Section 26A of Banking Regulation Act, 1949- Operational Guidelines Please refer to instructions contained in paragraph 4 of the circular DBOD.No.DEAF Cell.BC.114/30.01.002/2013–14 dated May 27, 2014 regarding returns…
Submission of Long Form Audit Report (LFAR) by Concurrent Auditors
RBI/2014–15/626 DBS.CO.ARS.BC.8/08.91.001/2014–15 June 2, 2015 In terms of enclosure 1 of RBI circular DBS.CO.PP.BC.11/11.01.005/2001–2002 dated April 17, 2002 all the banks were advised, inter alia, as under: Share on: whatsapp
Banks May Cross hold other Banks Long Term Bonds for Financing of Infrastructure and Affordable Housing: RBI
RBI/2014–15/618 DBR.BP.BC.No.98/08.12.014/2014–15 June 01, 2015 Please refer to our circular DBOD.BP.BC.No.25/08.12.014/2014–15 dated July 15, 2014 allowing banks to issue long term bonds, with exemptions from certain regulatory pre-emptions, for their financing of infrastructure and affordable housing loans. Further, in order to provide…
Repo Rate Reduced by 25 Basis Points by RBI Today
As announced by the Governor today, it has been decided to reduce the Repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 7.50 per cent to 7.25 per cent with immediate effect. Share on: whatsapp
MCA asked NBFC’s to comply with the requirement of section 45-IA of the RBI Act, 1934
All the Non Banking Financial Institutions/Companies registered with MCA are requested to comply with the requirement of section 45-IA of the RBI Act, 1934, if applicable to them. kindly visit the link to the RBI website https://www.rbi.org.in/Scripts/FAQView.aspx?Id=71 and follow all…
Banks are allowed to enter Ready Forward Contracts in Corporate Debt Securities
RBI/2014–15/595 FMRD.DIRD.08/14.03.002/2014–15 May 14, 2015 A reference is invited to our circular FMRD.DIRD.04/14.03.002/2014–15 dated February 3, 2015 enclosing the Repo in Corporate Debt Securities (Reserve Bank) Directions, 2015. As indicated under paragraph 4 of the Directions, the following entities are eligible to…
Transactions on Card upto Rs. 2000/- can be done without Using PIN : RBI
RBI/2014–15/601 DPSS.CO.PD.No.2163/02.14.003/2014–2015 May 14, 2015 Card Payments – Relaxation in requirement of Additional Factor of Authentication for small value card present transactions Reserve Bank has issued various instructions on security of card transactions and risk mitigation measures, including directions on online alerts…
Revision of Infrastructure Debt Funds (IDFs) by RBI
RBI/2014–15/600 DNBR (PD) CC.No.035/03.10.001/2014–15 May 14, 2015 Please refer to the Infrastructure Debt Fund-Non-Banking Financial Companies (Reserve Bank) Directions, 2011 issued vide Notification No. DNBS.233/ CGM(US)-2011 dated November 21, 2011 (the Directions) prescribing detailed guidelines on the regulatory framework for NBFCs to…
RBI to dispense with the requirement of declaring the export of Goods /Software in the SDF
RBI//2014–15/599 A.P. (DIR Series) Circular No.101 May 14, 2015 Attention of the Authorised Dealers is invited to Regulation 6 of the Notification No.FEMA 23/2000-RB dated May 3, 2000 viz. Foreign Exchange Management (Export of Goods and Services) Regulations, 2000, as amended from…