RBI aligns Rules for Investment in Credit Information Companies (CICs) Date : May 19, 2016 The Reserve Bank of India has, in supersession of its directive dated November 29, 2013, revised its directions (DBR. CID. BC. No.98/20.16.042/2015-16 dated May 19, 2016), allowing higher Foreign Direct Investment (FDI) limits in Credit Information Companies (CICs) to entities… Read More »
Date : May 16, 2016 RBI invites Comments on allowing FPIs in Unlisted Debt Securities and Securitised Debt Instruments The Reserve Bank of India, in consultation with the Ministry of Finance, Government of India proposes to permit investment by foreign portfolio investors (FPIs) in unlisted debt securities and securitised debt instruments. It has today placed… Read More »
RBI/2015-16/397 A.P. (DIR Series) Circular No.69 [(1)/22(R)] May 12, 2016 To All Authorised Dealers Category – I Banks Madam / Sir, Establishment of Branch Office (BO)/ Liaison Office (LO)/ Project Office (PO) in India by foreign entities – procedural guidelines Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to… Read More »
RBI/DBR/2015-16/24 Master Direction DBR.PSBD.No. 97/16.13.100/2015-16 May 12, 2016 Master Direction – Ownership in Private Sector Banks, Directions, 2016 In exercise of the powers conferred by the Second… Read More »
BI/2015-16/396 DPSS.CO.AD.No.2627/02.27.005/2015-16 May 12, 2016 To, All entities authorised under the Payment & Settlement Systems Act, 2007 (PSS Act) Dear Sir/Madam, Guidelines for Voluntary surrender of Certificate of Authorisation (COA) by Payment System Operators (PSOs) authorised under PSS Act 2007 As you are aware, in terms of section 4 of the Payment and Settlement Systems… Read More »
RBI/DCBR/2015-16/23 Master Direction DCBR.Dir.No.1/13.01.000/2015-16 May 12, 2016 Master Direction – Reserve Bank of India (Co-operative Banks – Interest Rate on Deposits) Directions, 2016 In exercise of the powers conferred by Sections 21 and 35 A read with section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India being satisfied that it is… Read More »
Quarterly Statement showing details of overdue Export Advances As per Exports of Goods and Services : RBI new directions following is the format for AD shall exercise proper due diligence and ensure compliance with KYC and AML guidelines so that only bona-fide export advances flow into India. Doubtful cases as also instances of chronic defaulters… Read More »
Softex Forms submitted in bulk for royalty receipt As per RBI A.P. (DIR Series) Circular No.68 [(1)/23(R)] Dated 12.05.2016 B.5 SOFTEX Forms (i) All software exporters shall file single / bulk SOFTEX form in the form of a statement in excel format to the competent authority for certification. Since the SOFTEX data from STPI/SEZ are… Read More »
Export Declaration Form Download new Export Declaration Form as per RBI A.P. (DIR Series) Circular No.68 [(1)/23(R)] Dated 12.05.2016
Form EFC (Application for opening foreign currency account with a bank in India or abroad by exporters) Download Form EFC