Category Archives: RBI

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

By | March 26, 2019
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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
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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
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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
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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
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‘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
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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
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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
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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 »

List of Banks in India

By | February 1, 2019
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Banks in India   SBI and Associates Nationalised Banks Other Public Sector Banks Private Sector Banks – Indian Banks Private Sector Banks – Foreign Banks Scheduled State Co-operative Banks Non-Scheduled State Co-operative Banks Co-operative Banks – Scheduled Urban Cooperative Banks Co-operative Banks – Non-Scheduled Urban Cooperative Banks Co-operative Banks – State Cooperative Banks Co-operative Banks… Read More »

External Commercial Borrowings (ECB) Policy – New ECB Framework issued by RBI

By | January 17, 2019
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RBI/2018-19/109 A.P. (DIR Series) Circular No. 17 January 16, 2019 To All Category-I Authorised Dealer Banks Madam / Sir, External Commercial Borrowings (ECB) Policy – New ECB Framework Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to paragraph 7 of the Statement on Developmental and Regulatory Policies of the Fifth Bi-monthly Monetary Policy Statement for 2018-19… Read More »