Category Archives: RBI

Minimum Standards for a Currency Chest : RBI

By | April 10, 2019

RBI/2018-19/166DCM (CC) No.2482/03.39.01/2018-19 April 08, 2019 Chairman/Managing Director/Chief Executive DirectorAll banks Madam/Sir, Minimum Standards for a Currency Chest As stated in para 15 of the monetary policy statement dated October 04, 2016, the Bank had constituted a Committee on Currency Movement (CCM) [Chair: Shri D.K. Mohanty, Executive Director]. The Committee, inter-alia, recommended that the Reserve Bank… Read More »

Exchange Rates of Foreign Currencies for Imported and Export Goods from 05th April 2019

By | April 4, 2019

Exchange Rates of conversion of Foreign Currencies notified for Imported and Export Goods Posted On: 04 APR 2019 In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super-session of the notification of the Central Board of Indirect Taxes and Customs (CBIC) No.24/2019-CUSTOMS (N.T.), dated 20th March,… Read More »

Deferral of Implementation of Indian Accounting Standards (Ind AS) by RBI

By | March 26, 2019

Deferral of Implementation of Indian Accounting Standards (Ind AS) RBI/2018-2019/146DBR.BP.BC.No.29/21.07.001/2018-19 March 22, 2019 All Scheduled Commercial Banks(excluding Regional Rural Banks) Madam / Dear Sir, Deferral of Implementation of Indian Accounting Standards (Ind AS) Please refer to paragraph 3 of the Statement on Developmental and Regulatory Policies issued with the First Bi-monthly Monetary Policy 2018-19 on April 5,… Read More »

Trade Credit Policy – Revised framework by RBI

By | March 13, 2019

RBI/2018-2019/140A.P. (DIR Series) Circular No. 23 March 13, 2019 To All Category-I Authorised Dealer Banks Madam / Sir, Trade Credit Policy – Revised framework Attention of Authorised Dealers is invited to the rationalised principal regulation governing the External Commercial Borrowings (ECB) and Trade Credits already notified on December 17, 2018 through the Foreign Exchange Management… Read More »

Interest Subvention Scheme for Short Term Crop Loans during the years 2018-19 and 2019-20

By | March 12, 2019

Interest Subvention Scheme for Short Term Crop Loans during the years 2018-19 and 2019-20 RBI/2018-19/137 FIDD.CO.FSD.BC.No.15/05.02.001/2018-19 March 7, 2019 The Chairman / Managing Director & CEOs All Public & Private Sector Scheduled Commercial Banks Madam/Dear Sir, Interest Subvention Scheme for Short Term Crop Loans during the years 2018-19 and 2019-20 Please refer to our circular FIDD… Read More »

Hedging of exchange rate risk by Foreign Portfolio Investors (FPIs) under Voluntary Retention Route

By | March 2, 2019

Hedging of exchange rate risk by Foreign Portfolio Investors (FPIs) under Voluntary Retention Route RBI/2018-19/136A .P. (DIR Series) Circular No. 22 March 01, 2019 ToAll Category – I Authorised Dealer banks Madam / Sir, Hedging of exchange rate risk by Foreign Portfolio Investors (FPIs) under Voluntary Retention Route Attention of Authorised Dealers Category – I… Read More »

‘Voluntary Retention Route’ (VRR) for Foreign Portfolio Investors (FPIs) investment in debt

By | March 2, 2019

‘Voluntary Retention Route’ (VRR) for Foreign Portfolio Investors (FPIs) investment in debt RBI/2018-19/135A.P. (DIR Series) Circular No. 21 March 01, 2019 ToAll Authorized Persons Madam / Sir ‘Voluntary Retention Route’ (VRR) for Foreign Portfolio Investors (FPIs) investment in debt Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to the following regulations, as amended… Read More »

Storage of Notes and Coins in Currency chest of Banks : RBI guidelines

By | March 1, 2019

RBI/2018-19/133DCM (Plg.) No.2128/10.25.007/2018-19 February 28, 2019 The Chief Executive Officer/ Chairman/Managing Director All Banks having Currency Chests. Madam/ Sir, Storage of Notes and Coins As stated in para 15 of the monetary policy statement of October 04, 2016, the Bank had constituted a Committee on Currency Movement (CCM) [Chair: Shri D.K. Mohanty, Executive Director] to review the… Read More »

Interest Subvention Scheme 2018 for MSMEs

By | February 25, 2019

Interest Subvention Scheme for MSMEs RBI/2018-19/129DNBR (PD) CC.No.096/03.10.001/2018-19 February 22, 2019 All systemically important non-deposit taking NBFCs Madam / Dear Sir, Interest Subvention Scheme for MSMEs As you are aware, Government of India, on November 2, 2018, has announced ‘Interest Subvention Scheme for MSMEs 2018’. 2. A copy of the salient features and operational guidelines… Read More »

Interest Subvention Scheme for MSMEs 2018 having GSTN Number & Udyog Aadhar Number (UAN)

By | February 22, 2019

Interest Subvention Scheme for MSMEs 2018 RBI/2018-19/125FIDD.CO.MSME.BC.No.14/06.02.031/2018-19 February 21, 2019 The Chairman / Managing Director & CEOsAll Scheduled Commercial Banks(including Regional Rural Banks) Madam / Dear Sir, Interest Subvention Scheme for MSMEs As you are aware, Government of India, on November 2, 2018, has announced ‘Interest Subvention Scheme for MSMEs 2018’. 2. A copy of… Read More »