Daily Archives: June 23, 2016

Reporting Requirements under Basel III Capital Regulations- RBI Review

By | June 23, 2016

RBI/2015-16/428 DBR.BP.BC.No.105/21.06.001/2015-16 June 23, 2016 All Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Dear Sir, Reporting Requirements under Basel III Capital Regulations- Review Please refer to the Annexures 3 and 4 of the Master Circular DBR.No.BP.BC.1/21.06.201/2015-16 dated July 1, 2015 on Basel III Capital Regulations in terms of which banks are permitted… Read More »

Banks shall submit Proforma Ind AS Financial Statements :RBI

By | June 23, 2016

RBI/2015-16/429 DBR.BP.BC.No.106/21.07.001/2015-16 June 23, 2016 All Scheduled Commercial Banks (excluding Regional Rural Banks) Madam / Dear Sir, Implementation of Indian Accounting Standards (Ind AS) Please refer to circular DBR.BP.BC.No.76/21.07.001/2015-16 dated February 11, 2016 on the captioned subject in terms of which banks have been directed to be in preparedness to submit Proforma Ind AS Financial… Read More »

Indian startup may open foreign currency account outside India : RBI

By | June 23, 2016

RBI/2015-16/430 A.P. (DIR Series) Circular No. 77 [(2)/10(R)] June 23, 2016 To All Category – I Authorised Dealers and Authorised Banks Madam / Sir, Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015 Attention of Authorised Dealers Banks is invited to the Foreign Exchange Management (Foreign Currency Accounts by a… Read More »

RBI Permited writing of options against contracted exposures by Indian Residents

By | June 23, 2016

RBI/2015-16/431 A.P. (DIR Series) Circular No. 78 June 23, 2016 To All Category – I Authorised Dealer Banks Madam / Sir, Permitting writing of options against contracted exposures by Indian Residents Attention of Authorised Dealer Category – I (AD Cat – I) banks is invited to Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000… Read More »

Reporting of Investment in Commercial Papers & Unhedged Foreign Currency Exposures of the Borrowers to Credit Information Companies

By | June 23, 2016

RBI/2015-16/432 DBR.CID.BC. 107/20.16.056/2015-16 June 23, 2016 All Scheduled Commercial Banks All India Financial Institutions Credit Information Companies Dear Sir / Madam Reporting of Information on Investment in Commercial Papers and Unhedged Foreign Currency Exposures of the Borrowers to Credit Information Companies Please refer to our circular DBOD.No.CID.BC.127/20.16.056/2013-14 dated June 27, 2014 advising banks to implement… Read More »

Category: RBI

Statutory Auditors’ Certificate (SAC) to be submitted by NBFCs

By | June 23, 2016

RBI/2015-16/433 DNBS (PPD) CC.No./04/66.14.001/2015-16 June 23, 2016 To CEOs of All NBFCs (excluding RNBCs) and The President of ICAI Dear Sir/Madam, Format of Statutory Auditors’ Certificate (SAC) to be submitted by NBFCs Please refer to the Notification No. DNBS 192/DG (VL) dated Feb 22, 2007 prescribing Prudential Norms Directions. In terms of the extant instructions,… Read More »