Category Archives: other Acts

Measures being taken to Control and Prevent Frauds in Banks

By | December 15, 2018

Ministry of Finance Measures being taken to Control and Prevent Frauds in Banks Posted On: 14 DEC 2018 A number of measures being taken to control and prevent frauds in banks, including, inter alia, the following: Government has issued “Framework for timely detection, reporting, investigation etc. relating to large value bank frauds” to Public Sector Banks (PSBs),… Read More »

Category: RBI

RBI Guidelines on Loan System for Delivery of Bank Credit /working capital facility

By | December 7, 2018

Guidelines on Loan System for Delivery of Bank Credit RBI/2018-19/87 DBR.BP.BC.No.12/21.04.048/2018-19 December 5, 2018 All Scheduled Commercial Banks Small Finance Banks Dear Sir/ Madam, Guidelines on Loan System for Delivery of Bank Credit Please refer to the Draft Guidelines on the captioned subject issued on June 11, 2018 for comments of the stakeholders. 2. Taking into account… Read More »

Certificate of origin will be delivered within 24 hours/1(one) working day :DGFT

By | December 4, 2018

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) Publuc Notice No. 53/2015-2020 New Delhi, the 30th November, 2018 Subject : Insertion of a new provision under Para 2.103 and amendment in Para 2.104 – reg. F. No. 01/93/180/56/AM-13/PC-2(B)/E-2205.—In exercise of powers conferred under paragraph 2.04 of the Foreign Trade Policy,… Read More »

External Commercial Borrowings (ECB) Policy – RBI Reviewed Hedging Provision

By | November 27, 2018

RBI/2018-19/79 A.P. (DIR Series) Circular No.15 November 26, 2018 To All Category-I Authorised Dealer Banks Madam / Sir External Commercial Borrowings (ECB) Policy – Review of Hedging Provision Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to paragraphs 2.4.2 and 2.5 of Master Direction No.5 dated January 1, 2016 on “External Commercial Borrowings, Trade Credit,… Read More »

Category: RBI

Now Banks will give positive confirmation in RTGS through SMS and / or e-mail

By | November 23, 2018

Real Time Gross Settlement (RTGS) System – Implementation of Positive Confirmation RBI/2018-19/76 DPSS (CO) RTGS No.1049/04.04.016/2018-19 November 15, 2018 The Chairman / Managing Director / Chief Executive Officer of member banks participating in RTGS Madam / Dear Sir, Real Time Gross Settlement (RTGS) System – Implementation of Positive Confirmation Presently, the National Electronic Funds Transfer… Read More »

Category: RBI

ICAI online Survey on “State of the Internal Audit Profession in India”

By | November 21, 2018

Survey on the “State of the Internal Audit Profession in India” by Internal Audit Standards Board, ICAI – Seeking Member’s Inputs – (20-11-2018) SURVEY ON THE STATE OF THE INTERNAL AUDIT PROFESSION IN INDIA BY INTERNAL AUDIT STANDARDS BOARD, ICAI Dear Member, Internal Audit Standards Board (IASB) of The Institute of Chartered Accountants of India… Read More »

Partial Credit Enhancement to Bonds Issued by Non-Banking Financial Companies and Housing Finance Companies

By | November 2, 2018

RBI/2018-19/70 DBR.BP.BC.No.7/21.04.142/2018-19 November 2, 2018 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Partial Credit Enhancement to Bonds Issued by Non-Banking Financial Companies and Housing Finance Companies Please refer to circular DBR.BP.BC.No.40/21.04.142/2015-16 dated September 24, 2015 on Partial Credit Enhancement to Corporate Bonds and other associated circulars issued subsequently on the subject. 2. It has now been… Read More »

Application for Scholarships from The Chartered Accountants Student Benevolent Fund for The Year 2018-19

By | October 26, 2018

Application for Scholarships from The Chartered Accountants Student Benevolent Fund for The Year 2018-19 – (25-10-2018) The Board of Trustees has decided to provide financial assistance of Rs. 1500/- p.m, for articled assistants who are registered for Intermediate (IPC)/IPCC course and Rs. 2000/- P.M. for those students registered for final course and are currently undergoing… Read More »