Foreign Exchange Management (Exports of Goods and Services) Regulations, 2015 RBI/2015-16/395 A.P. (DIR Series) Circular No.68 [(1)/23(R)] May 12, 2016 To All AD Category – I Authorised Dealer Banks Madam/ Sir Foreign Exchange Management (Exports of Goods and Services) Regulations, 2015 Attention of Authorised Dealers (ADs) is invited to A.D.(M.A. Series) Circular No. 11 dated… Read More »
Comprehensive Master Directions on Interest Rate on Deposits for Co-operative Banks The Reserve Bank of India today issued the Master Directions (MD) on Co-operative Banks – Interest Rates on Deposits and Advances. The Master Directions issued today consolidates all relevant instructions issued by the Reserve Bank of India so far on the subject and will… Read More »
RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 Notification No. FEMA 14(R)/2016-RB May 02, 2016 Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2016 In exercise of the powers conferred by Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), and in supersession of Notification No. FEMA.14/… Read More »
7 NBFCs surrender their Certificate of Registration to RBI Date : May 10, 2016 The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act,… Read More »
Date : May 09, 2016 Ease of Doing Business in India: RBI seeks Stakeholders’ Views on Proposed Change in Forex Rules to mandate Demat holding of Securities by Non-residents on Repatriation Basis It is proposed to amend the Foreign Exchange Management (Transfer or issue of security by a person resident outside India) Regulations, 2000 to… Read More »
Date : May 09, 2016 RBI to issue ₹ 1000 banknotes with inset letter ‘R’ The Reserve Bank of India will shortly issue ₹ 1000 denomination banknotes in the Mahatma Gandhi Series – 2005 with the inset letter ‘R’ in both the number panels. The banknotes will also have on the obverse, all the other… Read More »
RBI/FED/2015-16/12 FED Master Direction No. 17/2015-16 January 1, 2016 (Updated as on March 31, 2016) (Updated as on February 4, 2016) To All Authorised Dealer Category – I banks and Authorised Banks Madam / Dear Sir, Master Direction – Import of Goods and Services Import of Goods and Services into India is being allowed in… Read More »
Press Information Bureau Government of India Ministry of Finance Date: 06-May-2016 RBI Norms for Protecting Customers Reserve Bank of India (RBI) has released a Charter of Customer Rights, which enshrines broad, overarching principles for protection of bank customers and enunciates the ‘five’ basic rights for bank customers, that I s, (i) Right to Fair Treatment,… Read More »
Date : May 06, 2016 The Reserve Bank of India has introduced a Research Internship Scheme to provide an opportunity to young individuals to expose themselves to cutting edge research in central banking. The scheme is aimed at individuals who have recently finished their graduation and wish to pursue PhD in economics, banking, finance or… Read More »
NIDHI RULES 2014 NOTIFICATION NO. GSR 258(E) [F.NO.01/24/2013-CL-V], DATED 31-3-2014 In exercise of the powers conferred under sub-section (1) of Section 406 read with sub-sections (1) and (2) of 469 of the Companies Act, 2013, the Central Government hereby makes the following rules, namely:— Short title and commencement 1. (1) These Rules may be called… Read More »