Category Archives: RBI

NBFC to Disburse loans against gold above Rs 20000 in non cash mode -RBI

By | March 11, 2017
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RBI/2016-17/245 DNBR (PD) CC.No.086/03.10.001/2016-17 March 09, 2017 All NBFCs Madam/ Sir, Disbursal of loan amount in cash Reference is invited to instructions contained in para 37(iii)(b) of Non-Banking Financial Company – Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016 and Non-Banking Financial Company – Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve… Read More »

RBI App- Now RBI website at your fingertips

By | March 10, 2017
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Date : Mar 10, 2017 The Reserve Bank of India today formally launched a mobile application (app) version of the Reserve Bank of India’s website (www.rbi.org.in). The app is available on Android as well as iOS platforms and can be downloaded from the Play Store/App Store in one’s Android phone/iPhone, respectively, using the keyword “Reserve… Read More »

7 new districts in Manipur – Assignment of Lead Bank Responsibility by RBI

By | March 10, 2017
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RBI/2016-17/248 FIDD.CO.LBS.BC.No.23/02.08.001/2016-17 March 9, 2017 The Chairmen & Managing Directors All Lead Banks Dear Sir/Madam, Formation of seven new districts in the State of Manipur – Assignment of Lead Bank Responsibility The Government of Manipur vide Gazette Notification dated December 8, 2016 had notified the creation of seven new districts in the State of Manipur.… Read More »

Category: RBI

FEM (Transfer or Issue of Security by a Person Resident outside India) (Second Amendment) Regulations 2017

By | March 6, 2017
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Reserve Bank of India Foreign Exchange Department Central Office Mumbai – 400 001 Notification No. FEMA.385/2017-RB March 03, 2017 Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Second Amendment) Regulations, 2017 In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47… Read More »

Gold Monetisation Scheme – RBI Guidelines to bring uniformity in reporting

By | March 6, 2017
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Gold Monetisation Scheme RBI/2016-17/243 DGBA.GAD.No.2294/15.04.001/2016-17 March 6, 2017 All Agency Banks Dear Sir/Madam Gold Monetisation Scheme Please refer to RBI Master Direction No.DBR.IBD.No.45/23.67.003/2015-16 dated October 22, 2015 (updated up to January 21, 2016) on the above subject. In order to operationalise the scheme, we advise the following: 2. In order to have uniformity in reporting,… Read More »

FDI in LLP – RBI Revised Notification 03.03.2017

By | March 6, 2017
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RESERVE BANK OF INDIA (Foreign Exchange Department) (CENTRAL OFFICE) NOTIFICATION Mumbai, the 3rd March, 2017 No. FEMA. 385/ 2017-RB Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Second Amendment) Regulations, 2017 G.S.R. 188 (E).—In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and… Read More »

Infrastructure Lending Definition -NBFC to be guided by Govt Gazette Notifications

By | March 2, 2017
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RBI/2016-17/242 DNBR.PD.CC.No.085/03.10.001/2016-17 March 2, 2017 All Non-Banking Financial Companies Dear Sir/ Madam, Infrastructure Financing- Definition of ‘Infrastructure Lending’ Please refer to the definition of ‘Infrastructure Lending’ contained in the Non-Banking Financial Company – Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016 and Non-Banking Financial Company – Non-Systemically Important Non-Deposit taking… Read More »

Financial Literacy and rural branches – Policy Review by RBI

By | March 2, 2017
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Financial Literacy by FLCs (Financial Literacy Centres) and rural branches – Policy Review RBI/2016-17/236 FIDD.FLC.BC.No.22/12.01.018/2016-17 March 02, 2017 To Chairman/MD & CEO Scheduled Commercial Banks (Including RRBs) Dear Sir/Madam, Financial Literacy by FLCs (Financial Literacy Centres) and rural branches – Policy Review Please refer to our circular FIDD.FLC.BC.No.18/12.01.018/2015-16 dated January 14, 2016 on guidelines for… Read More »

Category: RBI

RBI Establishes an Inter-disciplinary Standing Committee on Cyber Security

By | February 28, 2017
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Date : Feb 28, 2017 Reserve Bank Establishes an Inter-disciplinary Standing Committee on Cyber Security The Reserve Bank of India has set up an Inter-disciplinary Standing Committee on Cyber Security to, inter alia, review the threats inherent in the existing/emerging technology; study adoption of various security standards/protocols; interface with stakeholders; and suggest appropriate policy interventions… Read More »

Category: RBI