RBI/2014–15/533 DBR.IBD.BC. 14570/23.13.004/2014–15 April 1, 2015 Setting up of IFSC Banking Units (IBUs) Please refer to the Reserve Bank of India Notification No. FEMA.339/2015-RB dated March 02, 2015 (copy enclosed) under FEMA 1999 on Foreign Exchange Management (International Financial Services Centre)…
Category: RBI
Export of Goods and Services – Project Exports
RBI/2014–15/534 A.P.(DIR Series) Circular No.93 April 1, 2015 Attention of Authorised Dealers is invited to A. P. (DIR Series) Circular No. 11 dated July 22, 2014 in terms of which AD banks / Exim Bank have been permitted to consider according…
Know Your Customer (KYC) Guidelines — Accounts of Proprietary Concerns
RBI/2014–15/532 DCBR.BPD(PCB/RCB)Cir.No.24/14.01.062/2014–15 April 1, 2015 Please refer to paragraph 2.5(ii) of our Master Circular no. UBD.BPD.(PCB) MC.No.16/12.05.001/2014–15 dated July 1, 2014 and paragraph 2.5 (vi) of Master Circular RPCD. RRB.RCB.AML.BC. No. 02/07.51.018/ 2014–15 dated July 1, 2014 on KYC norms and…
Operational guidelines on International Financial Services Centre (IFSC)
Attention of Authorised Dealers Category – I (AD Category — I) banks is invited to the Foreign Exchange Management (International Financial Services Centre) Regulations 2015 dated March 2, 2015, a copy of which is at Annex. 2. In terms of the…
Filing of ‘Nil’ CTR / NTR
Please refer to Para 2.17, 2.18 and 2.19 of our Master Circular UBD. BPD.(PCB)MC.No.16/12.05.001/2014–15 dated July 1, 2014 and Para 2.19 of Master Circular RPCD.RRB.RCB.AML.BC.No.02/07.51.018/2014–15 dated July 1, 2014 on Know Your Customer (KYC) Norms/Anti-Money Laundering (AML) Measures/Combating of Financing of Terrorism (CFT) /Obligations…
Himachal Pradesh State Cooperative Bank Ltd. included in the Second Schedule to the Reserve Bank of India Act, 1934
Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 – Himachal Pradesh State Cooperative Bank Ltd., Shimla We advise that the name of “Himachal Pradesh State Cooperative Bank, Ltd. Shimla” has been included in the Second…
Risk Management and Inter-bank Dealings: Revised Guidelines relating to participation of Residents in the Exchange Traded Currency Derivatives (ETCD) market
Attention of Authorized Dealers Category – I (AD Category – I) banks is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 dated May 3, 2000 (Notification No. FEMA. 25/RB-2000 dated May 3, 2000), as amended from…
Risk Management and Inter-bank Dealings: Revised Position Limits for Foreign Portfolio Investors (FPIs) in the Exchange Traded Currency Derivatives (ETCD) market
Risk Management and Inter-bank Dealings: Revised Position Limits for Foreign Portfolio Investors (FPIs) in the Exchange Traded Currency Derivatives (ETCD) market Attention of Authorized Dealers Category – I (AD Category – I) banks is invited to the Foreign Exchange Management…
Prudential Guidelines on Capital Adequacy and Liquidity Standards: RBI
RBI/2014–15/529 DBR.No.BP.BC.80/21.06.201/2014–15 March 31, 2015 As you are aware, the Reserve Bank has issued and implemented prudential guidelines on capital adequacy framework and liquidity standards for banks operating in India. These guidelines have been framed based on the internationally accepted reform package,…
Regulatory Framework for NBFCs revised by RBI
Revised Regulatory Framework for NBFCs Please refer to the revised regulatory framework issued vide DNBR (PD) CC.No. 002/ 03.10.001/ 2014–15 dated November 10, 2014 (the circular). At para 14 of the circular it was mentioned that the Notifications in this regard…