Category: RBI

Strategic Debt Restructuring Scheme by transferring equity of the company by promoters to the lenders: RBI

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:…

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…

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…

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 PINRBI

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…