Category - FEMA

Government seeks to scrap Press Note 1 to boost FDI

NEW DELHI: In order to liberalise the FDI regime, the government is likely to dispense with a norm that requires foreign investors to seek local partner approval for setting up units in the same area of business. Press Note 1 of 2005 seeks to protect the interest of domestic companies in joint ventures by ensuring… Read More

RBI Guidelines on New Banking License

New Delhi, Mar 15 (PTI) Finance Ministry has received draft guidelines on the new banking licence from the Reserve Bank, which is expected to make it public by the end of this month.  "RBI is planning to issue the guidelines for banking licences before the close of this financial year," Finance Minister Pranab Mukherjee had… Read More

Prevention of Money-laundering Amendment Rules 2010

Prevention of Money-laundering (Maintenance of Records of the Nature and Value of Transactions, the Procedure and Manner of Maintaining and Time for Furnishing Information and Verification and Maintenance of Records of the Identity of the Clients of the Banking Companies, Financial Institutions and Intermediaries) Amendment Rules, 2010 GSR 508(E) dated 16th June 2010 issued by… Read More

Prudential Guidelines on Restructuring of Advances by select All-India Financial Institutions (AIFIs)

RBI/2010-11/234 DBOD.FID.FIC.No.6 /01.02.00 /2010-11 October 14, 2010 The CEOs of select All-India Term Lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Dear Sir, Prudential Guidelines on Restructuring of Advances by select All-India Financial Institutions (AIFIs) In continuation of our letter DBOD.No.FID.FIC.5 /01.02.00/2008-09 dated February 26, 2009 on the captioned subject, please find enclosed Circular DBOD No.BP.No. 49/… Read More

Tags: All-India Financial InstitutionsBankFinancial servicesGeneral managerIndiaPrudential GuidelinesReserve Bank of IndiaUnsecured debt

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