Category Archives: RBI

FEMA Transfer or Issue of Security by Person Resident outside India- (Sixteenth Amendment) Regulations 2016

By | November 8, 2016
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RESERVE BANK OF INDIA (Foreign Exchange Department) (CENTRAL OFFICE) NOTIFICATION Mumbai, the 4th November, 2016 No. FEMA. 379/2016-RB Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Sixteenth Amendment) Regulations, 2016 G.S.R. 1042(E).—In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47… Read More »

Hedging Clarifications by RBI for External Commercial Borrowings

By | November 8, 2016
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RBI/2016-17/110 A.P. (DIR Series) Circular No. 15 November 07, 2016 To All Category-I Authorised Dealer Banks Madam / Dear Sir External Commercial Borrowings (ECB) – Clarifications on hedging Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to paragraphs 2.i and 3 of A.P. (DIR Series) Circular No.56 dated March 30, 2016 and paragraph… Read More »

RBI announces Draft guidelines for Centralised Hedging for Indian Subsidiaries of Non-Resident Companies

By | November 4, 2016
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RBI announces Draft guidelines for Centralised Hedging for Indian Subsidiaries of Non-Resident Companies The Reserve Bank of India today released draft operational guidelines to allow the overseas parent or its central treasury to hedge the currency risk arising out of genuine current account exposures of the Indian subsidiary in order to better manage the latter’s… Read More »

Issuance of Rupee denominated bonds overseas by Indian banks

By | November 3, 2016
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Issuance of Rupee denominated bonds overseas by Indian banks RBI/2016-17/107 A.P. (DIR Series) Circular No. 14 November 03, 2016 To All Category-I Authorised Dealer Banks Madam / Dear Sir Issuance of Rupee denominated bonds overseas by Indian banks Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to the measures… Read More »

Indian Banks permitted to raise funds through rupee denominated bonds

By | November 3, 2016
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Issue of Rupee Denominated Bonds overseas RBI/2016-17/108 DBR.BP.BC.No.28 /21.06.001/2016-17 November 03, 2016 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Issue of Rupee Denominated Bonds overseas Please refer to A.P. (DIR Series) Circular No.14 dated November 03, 2016 on issue of rupee denominated bonds overseas by Indian banks. 2. We advise that banks… Read More »

Banks to have 10% ATMs for Dispensation of Rs.100 banknotes exclusively

By | November 3, 2016
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Dispensation of Rs.100 denomination banknotes through exclusive ATMs RBI/2016-17/106 DCM (CC) No.1170/03.41.01/2016-17 November 02, 2016 The Chairman & Managing Director / Chief Executive Officer, All Banks Madam / Dear Sir, Dispensation of Rs.100 denomination banknotes through exclusive ATMs Please refer to our circular DCM (CC) G-10/3352/03.41.01/2015-16 dated May 5, 2016 on the Currency Circulation and… Read More »

Interest Rate Futures RBI Directions 2016

By | November 1, 2016
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RBI/2016-17/104 FMRD.DIRD.10/14.03.01/2016-17 October 28, 2016 To All market participants Dear Sir/Madam Money Market Futures As announced in the first Bi-Monthly Monetary Policy Statement, 2016-17, it has been decided to introduce Interest Rate Futures based on any rupee denominated money market interest rate or money market instrument on SEBI authorised stock exchanges. 2. In this regard,… Read More »