Monthly Archives: October 2016

New Registration certificate to Experian Credit Information Company of India Private Limited (ECICI)

By | October 21, 2016
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Grant of ‘Certificate of Registration’ – For carrying on the business of credit information – Experian Credit Information Company of India Private Limited (ECICI) RBI/2016-17/94 DBR.CID.BC.27/20.16.040/2016-17 All Credit Institutions October 20, 2016 Dear Sir / Madam Grant of ‘Certificate of Registration’ – For carrying on the business of credit information – Experian Credit Information Company… Read More »

Risk Weights for exposures to Housing Finance Companies- HFCs

By | October 21, 2016
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Risk Weights for exposures to HFCs RBI/2016-17/95 DBR.BP.BC.No.20/21.06.001/2016-17 October 20, 2016 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Risk Weights for exposures to HFCs It has been observed that there is a lack of uniformity among banks in the application of risk weights on their exposures to Housing Finance Companies (HFCs). 2.… Read More »

RBI Framework for penalty/fine on Banks under section 30 of the PSS Act

By | October 21, 2016
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Framework for imposing monetary penalty on Authorised Payment Systems Operators / banks under Payment and Settlement Systems Act, 2007 RBI/2016-17/97 DPSS.CO.OD. No.1082/06.08.005/2016-17 October 20, 2016 To, Authorised Payment system operators / banks Dear Sir/Madam, Framework for imposing monetary penalty on Authorised Payment Systems Operators / banks under Payment and Settlement Systems Act, 2007 The Payment… Read More »

100% FDI under automatic route in Other Financial Services in India

By | October 20, 2016
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Foreign investment in Other Financial Services RBI/2016-17/90 A.P. (DIR Series) Circular No. 8 October 20, 2016 To All Category – I Authorised Dealer Banks Madam/Sir, Foreign investment in Other Financial Services Attention of Authorised Dealers Category – I (AD Category – I) banks is invited to the Foreign Exchange Management (Transfer or Issue of Security… Read More »

Review of sectoral caps & simplification of Foreign Direct Investment (FDI) Policy

By | October 20, 2016
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Review of sectoral caps and simplification of Foreign Direct Investment (FDI) Policy RBI/2016-17/88 A.P. (DIR Series) Circular No. 6 October 20, 2016 To All Category – I Authorised Dealer Banks Madam/Sir, Review of sectoral caps and simplification of Foreign Direct Investment (FDI) Policy Attention of Authorised Dealer Category – I (AD Category-I) banks is invited… Read More »

FEM Manner of receipt and payment Regulations 2016

By | October 20, 2016
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Foreign Exchange Management (Manner of receipt and payment) Regulations, 2016 RBI/2016-17/93 A.P. (DIR Series) Circular No. 11 [(1)/14(R)] October 20, 2016 To All Category – I Authorised Dealer Banks Madam/Sir, Foreign Exchange Management (Manner of receipt and payment) Regulations, 2016 Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to A.D.(M.A. Series) Circular No.… Read More »

Sovereign Gold Bonds- Maximum Limit of Investment and Acceptance as Collateral- Clarification

By | October 20, 2016
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Sovereign Gold Bonds- Maximum Limit of Investment and Acceptance as Collateral- Clarification RBI/2016-17/96 IDMD.CDD.No.892/14.04.050/2016-17 October 20, 2016 The Chairman & Managing Director All Scheduled Commercial Banks, (Excluding RRBs) Designated Post Offices Stock Holding Corporation of India Ltd.(SHCIL) National Stock Exchange of India Ltd. & Bombay Stock Exchange Ltd. Dear Sir/Madam, Sovereign Gold Bonds- Maximum Limit… Read More »

Sovereign Gold Bonds 2016-17 Series III – Operational Guidelines

By | October 20, 2016
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RBI/2016-17/99 IDMD.CDD.No.894 /14.04.050/2016-17 October 20, 2016 The Chairman & Managing Director All Scheduled Commercial Banks, (Excluding RRBs) Designated Post Offices Stock Holding Corporation of India Ltd.(SHCIL) National Stock Exchange of India Ltd. & Bombay Stock Exchange Ltd. Dear Sir/Madam, Sovereign Gold Bonds 2016-17 Series III – Operational Guidelines This has reference to the GoI notification… Read More »

Sovereign Gold Bonds 2016-17 – Series III

By | October 20, 2016
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Sovereign Gold Bonds 2016-17 – Series III RBI 2016-17/98 IDMD.CDD.No.893/14.04.050/2016-17 October 20, 2016 The Chairman & Managing Director All Scheduled Commercial Banks, (Excluding RRBs) Designated Post Offices Stock Holding Corporation of India Ltd.( SHCIL) National Stock Exchange of India Ltd. & Bombay Stock Exchange Dear Sir/Madam, Sovereign Gold Bonds 2016-17 – Series III Government of… Read More »

Sovereign Gold Bond Scheme 2016 -17 – Series III

By | October 20, 2016
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Sovereign Gold Bond Scheme 2016 -17 – Series III Date : Oct 20, 2016 The Reserve Bank of India, in consultation with Government of India, has decided to issue Sovereign Gold Bonds 2016-17 – Series III. Applications for the bond will be accepted from October 24, 2016 to November 2, 2016. The Bonds will be… Read More »