RBI/2015-16/240 Master Direction No.DBR.PSBD.No.56/16.13.100/2015-16 November 19, 2015 Prior Approval for acquisition of shares or voting rights in Private Sector Banks: Directions, 2015 In exercise of the powers conferred by Sections 21 and 35 A of the Banking Regulation Act, 1949 and pursuant to the Section 12B of the Banking Regulation Act, 1949 as amended by… Read More »
Priority Sector Lending – Targets and Classification issued by Reserve Bank of India RBI/2015-16/241 FIDD.CO.Plan.BC. 13/04.09.01/2015-16 November 18, 2015 The Chairman/ Managing Director Chief Executive Officer [All Scheduled Commercial Banks (excluding Regional Rural Banks)] Dear Sir/ Madam, Priority Sector Lending – Targets and Classification It was communicated vide our Circular No. FIDD.CO.Plan.BC.08/04.09.01/2015-16 dated July 16,… Read More »
Internet Banking Facility for Customers of Regional Rural Banks RBI/2015-16/242 DBR.RRB.BC.No. 59/31.01.001/2015-16 November 19, 2015 All Regional Rural Banks Dear Sir/Madam, Internet Banking Facility for Customers of Regional Rural Banks Presently, Regional Rural Banks (RRBs) are not permitted to provide internet banking facilities to their customers. With a view to enhancing customer service and taking… Read More »
EXPOSURE DRAFT Date:17-11-2015 Insurance Regulatory and Development Authority of India Insurance Regulatory and Development Authority of India (Expenses of Management of Insurers transacting Non-life and Health Insurance business) Regulations, 2015 Insurance Laws (Amendment) Act 2015 has carried out amendments to the sections 40B and 40C. By the virtue of the amendment in these sections, the rule… Read More »
Exposure Draft Date:17-11-2015 Insurance Regulatory and Development Authority of India Regulations on Preparation of Financial Statements and Auditor s Report of Insurance companies Pursuant to the notification of the Insurance Laws (Amendment) Act, 2015 on 23rd March 2015, there is a need to carry out suitable amendments to the IRDA (Preparation of Financial Statements and… Read More »
THE GAZETTE OF INDIA : EXTRAORDINARY PART III—Section 4 INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA NOTIFICATION Hyderabad, the 4th November, 2015 Insurance Regulatory and Development Authority of India (Insurance Advertisements and Disclosure) (Amendment) Regulations, 2015 F. No. IRDAI/Reg/19/109/2015 – In exercise of the powers conferred by Section 26(1) of the Insurance Regulatory and Development… Read More »
Reserve Bank of India RBI/2015-16/65 DPSS.CO.PD.Mobile Banking.No.1/02.23.001/2015-16 July 1, 2015 The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks Madam /Dear Sir, Master Circular – Mobile Banking transactions in India – Operative Guidelines for Banks As… Read More »
Securities and Exchange board of India PR No. 266/2015 Whole Time Member, SEBI, has passed an Order dated November 09, 2015 providing the exit to Vadodara Stock Exchange Limited (“VSEL”). VSEL is the seventeenth Stock Exchange to exit under this policy. SEBI vide Circular dated May 30, 2012 had issued the Guidelines for exit of… Read More »
Shri Prashant Saran, Whole Time Member, SEBI has passed an order on November 04, 2015, wherein M/s En Aromatic & Petro Chemicals Limited, its promoters and its directors inter-alia have been directed to refund the money collected by the company through issuance of Redeemable Cumulative Preference Shares, with interest at the rate of 15% per… Read More »
Securities and Exchange Board of India CIRCULAR CIR/CDMRD/DEICE/01/2015 November 16, 2015 To The Managing Directors / Chief Executive Officers All National Commodity Derivatives Exchanges Sir/Madam, Sub: Annual System Audit, Business Continuity Plan(BCP) and Disaster Recovery (DR) 1. Pursuant to Section 131 of the Finance Act, 2015 and Central Government notification F.No. 1/9/SM/2015 dated August 28,… Read More »