Securities and Exchange Board of India SIMPLIFICATION OF ACCOUNT OPENING KIT CIRCULAR NO.MIRSD/64/2016, DATED 12-7-2016 1. Presently, a stock broker/depository participant is required, in terms of SEBI circulars: (a) No. MIRSD/SE /Cir-19/2009 dated December 3, 2009, (b) No. CIR/MIRSD/16/2011 dated August 22, 2011, and (c) No. CIR/MIRSD/12/2013 dated December 04, 2013, to provide a copy… Read More »
Source : SEBI Circular No. CIR/MRD/DRMNP/65/2016 Dated: July 15, 2016 To All recognized Clearing Corporations Dear Sir / Madam, Sub: Acceptance of Fixed Deposit Receipts (FDRs) by Clearing Corporations 1) Currently, Fixed Deposit Receipts of banks are accepted by Clearing Corporations as eligible collateral from the participants. 2) It is observed that some banks who… Read More »
The Reserve Bank of India has announced an Art Competition with an objective to identify, recognise and encourage talented budding artists in visual art. Anyone who is a citizen of India and is currently a student of a professional art college can participate in the competition. The Reserve Bank would buy the selected works at… Read More »
Sovereign Gold Bond 2016-17 – Series I: Issue Price Date : Jul 15, 2016 In terms of GoI notification F.No.4(7)-W&M/2016 and RBI circular IDMD.CDD.No.2020/14.04.050/2016-17 dated July 14, 2016, Series I of the Sovereign Gold Bond 2016-17 will be open for subscription from July 18 to 22, 2016. The issue price of the Sovereign Gold Bond… Read More »
To be published in the Gazette of India Extraordinary Part-II, Section – 3, Sub-Section (ii) Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Notification No. 14/2015-2020 New Delhi, Dated: 14th July, 2016 Subject: Updation in Para 8 (B) of General Notes Regarding Import Policy of ITC (HS),… Read More »
RBI/2016-17/13 A.P. (DIR Series) Circular No. 02 July 14, 2016 To All Category – I Authorised Dealer Banks Madam/Sir, Exim Bank’s GoI supported Line of Credit of USD 86.31 million to Myanma Foreign Trade Bank (MFTB), Myanmar Export-Import Bank of India (Exim Bank) has entered into an agreement dated December 11, 2013 with Myanma Foreign… Read More »
Source : Insurance Regulatory and Development Authority of India Date:13-07-2016 Life Insurers discharge contractual obligations when making policy payments be it maturity or death claims or surrender value etc. Contracts of life insurance are not indemnity contracts but fixed benefit type and the claim amount is usually not in dispute. It is a standard practice… Read More »
RBI/2016-17/14 DCBR.BPD.BC.No. 01/19.51.026/2016-17 Ashadha 23, 1938 July 14, 2016 All State / Central Co-operative Banks Dear Sir / Madam, Investments in Non-SLR instruments by State / Central Co-operative Banks Please refer to our circulars RPCD.CO.RF.BC.26/07.02.03/2005-06 dated August 4, 2005 and DCBR.CO.RCBD.BC.No.5/19.51.026/2015-16 dated October 21, 2015 on the captioned subject. 2. With a view to providing… Read More »
RBI/2016-2017/16 DPSS.CO.PD.PPI.No.01/02.14.006/2016-17 July 01, 2016 All Prepaid Payment Instrument Issuers, System Providers, System Participants and all other Prospective Prepaid Payment Instrument Issuers Madam / Dear Sir, Master Circular – Policy Guidelines on Issuance and Operation of Pre-paid Payment Instruments in India As you are aware, the Reserve Bank of India has, from time to time,… Read More »
RBI/2016-17/17 DPSS.CO.PD.Mobile Banking.No./2/02.23.001/2016-2017 July 1, 2016 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 you are aware, the… Read More »