Modifications in the Gold Monetisation Scheme Government had launched the Gold Monetisation Scheme (GMS) on 5th November, 2015. Thereafter a number of suggestions have been received to make the scheme easier for the customers to participate. Accordingly, in consultation with Government, RBI has issued a Master Direction on GMS on 21st January, 2016, which amends… Read More »
Source :Reserve Bank of India Date : Jan 22, 2016 RBI to issue ₹500 banknotes with inset letter ‘E’, ascending size of numerals in number panels, bleed lines and enlarged identification mark The Reserve Bank of India will shortly issue ₹ 500 denomination bank notes with three additional/revised features in the Mahatma Gandhi Series-2005, with… Read More »
Source : Reserve Bank of India Date 22.01.2016 RBI to issue ₹100 Banknotes with incorporation of ascending size of Numerals in the number panels, bleed lines and enlarged identification mark As a part of its endeavor to continually improve design/security features of the banknotes and to deter counterfeiting activities, Reserve Bank of India recently introduced… Read More »
Securities and Exchange Board of India CIRCULAR SEBI/HO/CFD/DIL/CIR/P/2016/26 January 21, 2016 To Recognized Stock Exchanges Depositories Registered Stock Brokers Registered Merchant Bankers Registered Registrars… Read More »
The Reserve Bank of India has today made a few amendments to its Master Direction on Gold Monetization Scheme. The modifications have been made in consultation with Central Government to make the Scheme more customer-friendly. The depositors will be able to withdraw medium term and long term government deposits pre-maturely after the minimum lock-in period… Read More »
Source: Reserve Bank of India RBI/2015-16/294 DGBA.GAD.No. 2278/31.12.010/2015-16 January 21, 2016 The Chairman & Managing Director/ The Chief Executive Officer All Agency Banks Dear Sir/Madam Payment of Agency Commission on pension accounts As you may be aware, agency banks are being compensated at Rs. 65 per transaction for handling pension computation, payment and related services… Read More »
Source : Reserve Bank of India RBI/2015-16/295 DBS.CO.CFMC.BC.No.007/23.04.001/2015-16 January 21, 2016 The Chairmen / Chief Executive Officers All Scheduled Commercial Banks (excluding RRBs) / Local Area Banks / select Financial Institutions Dear Sir / Madam Fraud Reporting and Monitoring 1. Operationalisation of Central Fraud Registry 1.1 As you are aware, Governor had announced in his… Read More »
RBI/2015-16/296 FIDD. GSSD. CO. BC .No. 19/09.01.03/2015-16 January 21, 2016 The Chairman / Managing Director All Public Sector Banks Dear Sir / Madam, National Rural Livelihoods Mission (NRLM) – Aajeevika – Interest Subvention Scheme Please refer to our circular FIDD.GSSD.CO.BC.NO.45/09.01.03/2014-15 dated December 09, 2014 on interest subvention scheme under National Rural Livelihoods Mission (NRLM). 2.… Read More »
Source : Reserve Bank of India RBI/2015-16/298 DBR.IBD.BC.75/23.67.001/2015-16 January 21, 2016 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir/Madam, Sale of India Gold Coin (IGC) As you are aware, MMTC has been authorized by the Central Government to manufacture India Gold Coins (IGC) with Ashok Chakra and supply these coins to the domestic… Read More »
Source : Reserve Bank of India RBI/2015-16/300 DBR.IBD.BC.74/23.67.001/2015-16 January 21, 2016 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, In exercise of the powers conferred under Section 35A of the Banking Regulation Act, 1949, the Reserve Bank of India hereby directs that the Reserve Bank of India (Gold Monetisation Scheme, 2015) Master Direction No.DBR.IBD.No.45/ 23.67.003/… Read More »